Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,884 shares of the conglomerate’s stock after buying an additional 248 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Honeywell International were worth $1,010,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. LGT Group Foundation purchased a new position in Honeywell International during the 1st quarter worth $26,000. Richardson Capital Management LLC purchased a new position in Honeywell International during the first quarter worth about $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at about $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the 1st quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC acquired a new position in Honeywell International during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HON shares. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. 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. Morgan Stanley started coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $223.56.

Honeywell International Stock Up 1.1 %

HON stock opened at $222.02 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $222.07. The firm has a market capitalization of $144.58 billion, a PE ratio of 25.73, a P/E/G ratio of 2.45 and a beta of 1.03. The company’s 50 day simple moving average is $205.53 and its 200-day simple moving average is $204.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the business posted $2.23 earnings per share. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is 52.38%.

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.