Stanley Laman Group Ltd. Sells 316 Shares of Honeywell International Inc. (NASDAQ:HON)

Stanley Laman Group Ltd. cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,632 shares of the conglomerate’s stock after selling 316 shares during the period. Stanley Laman Group Ltd.’s holdings in Honeywell International were worth $4,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC raised its position in shares of Honeywell International by 26.4% in the 1st quarter. Sound Income Strategies LLC now owns 824 shares of the conglomerate’s stock worth $169,000 after acquiring an additional 172 shares in the last quarter. Brookstone Capital Management raised its position in shares of Honeywell International by 2.8% in the 1st 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 position in shares of Honeywell International in the 1st quarter worth $101,000. Sovereign Financial Group Inc. raised its position in shares of Honeywell International by 11.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,838 shares of the conglomerate’s stock worth $377,000 after acquiring an additional 188 shares in the last quarter. Finally, Affiance Financial LLC increased its position in Honeywell International by 24.3% during the 1st quarter. Affiance Financial LLC now owns 3,328 shares of the conglomerate’s stock valued at $683,000 after buying an additional 650 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Wells Fargo & Company reduced their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. 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, the company has a consensus rating of “Hold” and a consensus target price of $223.56.

Honeywell International Price Performance

NASDAQ:HON opened at $222.35 on Wednesday. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. 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 $144.79 billion, a PE ratio of 25.76, a P/E/G ratio of 2.45 and a beta of 1.03. The stock has a 50 day moving average price of $206.54 and a 200 day moving average price of $205.19.

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

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.03%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 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.