Wallington Asset Management LLC Has $17.66 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Wallington Asset Management LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,431 shares of the conglomerate’s stock after acquiring an additional 4,244 shares during the period. Honeywell International accounts for about 2.5% of Wallington Asset Management LLC’s holdings, making the stock its 12th biggest position. Wallington Asset Management LLC’s holdings in Honeywell International were worth $17,659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HON. Sound Income Strategies LLC grew its position in Honeywell International by 26.4% in the 1st quarter. Sound Income Strategies LLC now owns 824 shares of the conglomerate’s stock valued at $169,000 after purchasing an additional 172 shares during the period. Brookstone Capital Management increased its position in shares of Honeywell International by 2.8% during the first quarter. Brookstone Capital Management now owns 45,998 shares of the conglomerate’s stock worth $9,441,000 after acquiring an additional 1,246 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Honeywell International during the first quarter worth about $101,000. Sovereign Financial Group Inc. lifted its position in Honeywell International by 11.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,838 shares of the conglomerate’s stock valued at $377,000 after acquiring an additional 188 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in Honeywell International by 351.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,952 shares of the conglomerate’s stock valued at $2,248,000 after purchasing an additional 8,527 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HON shares. Wells Fargo & Company dropped their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average price target of $223.56.

Honeywell International Stock Down 0.9 %

HON opened at $220.34 on Thursday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98. The company’s 50-day moving average price is $206.99 and its two-hundred day moving average price is $205.30. The stock has a market cap of $143.48 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the firm posted $2.23 EPS. Honeywell International’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.