Allen Mooney & Barnes Investment Advisors LLC Sells 1,231 Shares of Honeywell International Inc. (NASDAQ:HON)

Allen Mooney & Barnes Investment Advisors LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% in the third quarter, Holdings Channel.com reports. The firm owned 56,149 shares of the conglomerate’s stock after selling 1,231 shares during the period. Honeywell International makes up about 2.0% of Allen Mooney & Barnes Investment Advisors LLC’s investment portfolio, making the stock its 19th largest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Honeywell International were worth $11,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in Honeywell International in the fourth quarter valued at $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the 1st quarter valued at $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the 2nd quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $217.60 on Tuesday. The stock has a market cap of $141.70 billion, a PE ratio of 25.21, a P/E/G ratio of 2.45 and a beta of 1.03. 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 firm has a 50-day moving average of $203.87 and a 200-day moving average of $204.32. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm 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 business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $2.23 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HON shares. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and increased their price target for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus target price of $223.56.

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.