Sequoia Financial Advisors LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Sequoia Financial Advisors LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,037 shares of the conglomerate’s stock after purchasing an additional 2,019 shares during the period. Sequoia Financial Advisors LLC’s holdings in Honeywell International were worth $38,249,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CGN Advisors LLC grew its holdings in Honeywell International by 8.2% during the 1st quarter. CGN Advisors LLC now owns 1,817 shares of the conglomerate’s stock valued at $373,000 after buying an additional 138 shares in the last quarter. Community Bank of Raymore raised its holdings in shares of Honeywell International by 32.9% in the first quarter. Community Bank of Raymore now owns 3,917 shares of the conglomerate’s stock worth $804,000 after buying an additional 970 shares during the period. DLK Investment Management LLC increased its stake in Honeywell International by 5.4% in the first quarter. DLK Investment Management LLC now owns 28,217 shares of the conglomerate’s stock worth $5,792,000 after purchasing an additional 1,433 shares during the period. Shorepath Capital Management LLC lifted its position in shares of Honeywell International by 6.4% during the first quarter. Shorepath Capital Management LLC now owns 29,041 shares of the conglomerate’s stock worth $5,961,000 after purchasing an additional 1,738 shares during the last quarter. Finally, Prentice Wealth Management LLC boosted its stake in shares of Honeywell International by 4.2% during the first quarter. Prentice Wealth Management LLC now owns 2,533 shares of the conglomerate’s stock valued at $520,000 after purchasing an additional 102 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.43 during trading on Tuesday, hitting $221.07. 1,629,500 shares of the company’s stock were exchanged, compared to its average volume of 2,837,112. The stock has a market capitalization of $143.96 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.45 and a beta of 1.03. The business has a 50-day simple moving average of $206.02 and a 200-day simple moving average of $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. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $222.98.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (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 firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the prior year, the firm posted $2.23 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.04%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company decreased their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. 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. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and raised their target price for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus target price of $223.56.

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.