Honeywell International Inc. (NASDAQ:HON) Shares Sold by Saxony Capital Management LLC

Saxony Capital Management LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,178 shares of the conglomerate’s stock after selling 50 shares during the period. Saxony Capital Management LLC’s holdings in Honeywell International were worth $244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation purchased a new position in shares of Honeywell International in the 1st quarter valued at about $26,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the 1st quarter valued at approximately $39,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Honeywell International in the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.4 %

NASDAQ:HON opened at $222.35 on Wednesday. The firm has a 50-day moving average price of $206.54 and a two-hundred day moving average price of $205.19. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.98. The firm has a market cap of $144.79 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the company earned $2.23 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities 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. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.03%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Wall Street Analysts Forecast Growth

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