Heritage Financial Services LLC Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Heritage Financial Services LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,094 shares of the conglomerate’s stock after selling 187 shares during the period. Heritage Financial Services LLC’s holdings in Honeywell International were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cypress Wealth Services LLC increased its position in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares during the last quarter. Bard Financial Services Inc. grew its stake in Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares in the last quarter. ZRC Wealth Management LLC increased its holdings in Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares during the last quarter. CFM Wealth Partners LLC raised its stake in Honeywell International by 4.0% during the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after buying an additional 50 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in Honeywell International by 3.0% during the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after buying an additional 51 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ:HON opened at $209.74 on Friday. The firm has a 50 day simple moving average of $206.99 and a 200 day simple moving average of $205.30. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week 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 company has a market cap of $136.58 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.08. The business had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.90 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. As a group, research analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.16%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the company from $223.00 to $217.00 in a research note on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $224.27.

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.