Bristlecone Advisors LLC Sells 138 Shares of Honeywell International Inc. (NASDAQ:HON)

Bristlecone Advisors LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,252 shares of the conglomerate’s stock after selling 138 shares during the quarter. Bristlecone Advisors LLC’s holdings in Honeywell International were worth $2,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Trilogy Capital Inc. lifted its holdings in Honeywell International by 125.7% in the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after purchasing an additional 1,349 shares during the last quarter. LVW Advisors LLC boosted its holdings in Honeywell International by 5.7% during the first quarter. LVW Advisors LLC now owns 1,572 shares of the conglomerate’s stock valued at $323,000 after acquiring an additional 85 shares during the period. Aviance Capital Partners LLC grew its holdings in Honeywell International by 136.1% in the 1st quarter. Aviance Capital Partners LLC now owns 8,749 shares of the conglomerate’s stock valued at $1,796,000 after buying an additional 5,044 shares during the last quarter. BKM Wealth Management LLC increased its position in Honeywell International by 33.6% during the first quarter. BKM Wealth Management LLC now owns 2,495 shares of the conglomerate’s stock worth $512,000 after acquiring an additional 628 shares during the period. Finally, Miracle Mile Advisors LLC increased its holdings in shares of Honeywell International by 681.4% during the 1st quarter. Miracle Mile Advisors LLC now owns 69,070 shares of the conglomerate’s stock worth $14,177,000 after purchasing an additional 60,231 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.5 %

Shares of NASDAQ:HON opened at $208.00 on Friday. The firm has a market cap of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG 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 12 month low of $174.88 and a 12 month high of $222.98. The company’s fifty day simple moving average is $207.39 and its 200 day simple moving average is $205.44.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.08. The firm 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 forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada lowered their price objective on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday. JPMorgan Chase & Co. cut their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup decreased their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $223.73.

About Honeywell International

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.