Honeywell International Inc. (NASDAQ:HON) Shares Bought by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 19.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 320,442 shares of the conglomerate’s stock after buying an additional 52,763 shares during the quarter. Honeywell International accounts for 1.0% of Compagnie Lombard Odier SCmA’s investment portfolio, making the stock its 26th largest position. Compagnie Lombard Odier SCmA’s holdings in Honeywell International were worth $66,239,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. LGT Group Foundation purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Honeywell International Trading Up 1.1 %

Shares of NASDAQ HON traded up $2.39 during midday trading on Friday, reaching $215.99. 3,809,522 shares of the stock were exchanged, compared to its average volume of 2,831,241. The company has a market capitalization of $140.65 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average price of $203.51 and a 200-day moving average price of $204.24.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business 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%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.09%. Honeywell International’s payout ratio is 52.38%.

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.