Ellsworth Advisors LLC Acquires 184 Shares of Honeywell International Inc. (NASDAQ:HON)

Ellsworth Advisors LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.9% in the 3rd quarter, Holdings Channel reports. The fund owned 9,727 shares of the conglomerate’s stock after purchasing an additional 184 shares during the quarter. Ellsworth Advisors LLC’s holdings in Honeywell International were worth $2,011,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HON. Vista Investment Partners LLC raised its holdings in Honeywell International by 1.0% during the 3rd quarter. Vista Investment Partners LLC now owns 17,386 shares of the conglomerate’s stock worth $3,594,000 after buying an additional 178 shares during the period. Trust Co. of Vermont increased its position in shares of Honeywell International by 5.4% during the third quarter. Trust Co. of Vermont now owns 100,600 shares of the conglomerate’s stock worth $20,795,000 after acquiring an additional 5,112 shares in the last quarter. Secure Asset Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth $304,000. Marshall Financial Group LLC bought a new stake in Honeywell International in the 3rd quarter valued at $880,000. Finally, Bleakley Financial Group LLC lifted its position in Honeywell International by 14.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 24,425 shares of the conglomerate’s stock valued at $5,049,000 after acquiring an additional 3,045 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $219.55 on Friday. 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 firm has a fifty day simple moving average of $205.05 and a 200 day simple moving average of $204.62. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock has a market capitalization of $142.97 billion, a PE ratio of 25.44, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.23 EPS. On average, research analysts expect that Honeywell International Inc. will post 10.1 EPS 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. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Analyst Ratings Changes

HON has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research 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’s stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average price target of $223.56.

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.