Cardinal Capital Management Inc. Has $25.99 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Cardinal Capital Management Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,750 shares of the conglomerate’s stock after buying an additional 2,905 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Honeywell International were worth $25,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cypress Wealth Services LLC raised its stake in Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the last quarter. Bard Financial Services Inc. boosted its stake in Honeywell International by 0.3% during the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after purchasing an additional 50 shares during the last quarter. ZRC Wealth Management LLC increased its stake in Honeywell International by 11.6% in the 3rd 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. Quent Capital LLC grew its position in shares of Honeywell International by 3.0% during the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after acquiring an additional 51 shares during the period. Finally, Lansing Street Advisors raised its position in shares of Honeywell International by 5.0% in the second quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock valued at $230,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $215.99 on Friday. The business’s 50 day moving average price is $203.51 and its 200-day moving average price is $204.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The firm has a market capitalization of $140.65 billion, a PE ratio of 25.03, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 EPS. As a group, equities research analysts expect that Honeywell International Inc. will post 10.1 earnings per share 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 2.09%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

Wall Street Analyst Weigh In

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

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.