Syntegra Private Wealth Group LLC Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Syntegra Private Wealth Group LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,013 shares of the conglomerate’s stock after selling 45 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Honeywell International were worth $209,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HON. Price T Rowe Associates Inc. MD boosted its holdings in Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the period. Ameriprise Financial Inc. boosted its holdings in Honeywell International by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares during the period. Legal & General Group Plc boosted its holdings in Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after buying an additional 42,305 shares during the period. Capital Research Global Investors boosted its holdings in Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after buying an additional 212,327 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after buying an additional 325,272 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their target price for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research report 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 on the stock in a research report on Monday, October 7th. Finally, Morgan Stanley began coverage on shares of 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. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $223.56.

Honeywell International Stock Performance

Shares of HON stock traded up $0.03 during mid-day trading on Wednesday, reaching $222.38. The stock had a trading volume of 973,495 shares, compared to its average volume of 2,839,642. The business’s fifty day moving average is $206.54 and its 200-day moving average is $205.19. 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 market cap of $144.81 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $222.98.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.23 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) 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.