Honeywell International Inc. (NASDAQ:HON) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 29.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,727 shares of the conglomerate’s stock after selling 52,530 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Honeywell International were worth $25,576,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HON. Sunpointe LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $293,000. GLOBALT Investments LLC GA acquired a new position in Honeywell International during the fourth quarter worth $2,991,000. Novak & Powell Financial Services Inc. acquired a new position in Honeywell International during the fourth quarter worth $272,000. Raleigh Capital Management Inc. raised its holdings in Honeywell International by 38.9% during the fourth quarter. Raleigh Capital Management Inc. now owns 357 shares of the conglomerate’s stock worth $75,000 after purchasing an additional 100 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in Honeywell International by 10.6% during the fourth quarter. Centaurus Financial Inc. now owns 5,160 shares of the conglomerate’s stock worth $1,082,000 after purchasing an additional 493 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the subject of several research reports. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $225.00 to $235.00 in a report on Thursday. Wells Fargo & Company reduced their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $223.56.

Honeywell International Trading Up 1.1 %

Shares of NASDAQ:HON traded up $2.39 during midday trading on Friday, reaching $215.99. The company’s stock had a trading volume of 3,809,522 shares, compared to its average volume of 2,831,241. The firm has a market cap of $140.65 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth 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 Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The business has a 50 day moving average price of $203.51 and a 200 day moving average price of $204.24.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. Research analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.38%.

Honeywell International Company 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.