Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Home Federal Bank of Tennessee

Home Federal Bank of Tennessee grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,914 shares of the conglomerate’s stock after buying an additional 175 shares during the period. Honeywell International accounts for approximately 1.0% of Home Federal Bank of Tennessee’s portfolio, making the stock its 15th largest position. Home Federal Bank of Tennessee’s holdings in Honeywell International were worth $3,496,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. LGT Group Foundation purchased a new position in Honeywell International during the 1st quarter worth $26,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $35,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the second quarter worth about $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International in the first quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Honeywell International during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $1.23 during trading hours on Tuesday, reaching $220.27. The company’s stock had a trading volume of 548,279 shares, compared to its average volume of 2,831,812. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The company’s 50 day simple moving average is $206.02 and its 200 day simple moving average is $205.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a market cap of $143.44 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

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

Honeywell International Increases Dividend

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