Honeywell International Inc. (NASDAQ:HON) Shares Sold by Rogco LP

Rogco LP decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,957 shares of the conglomerate’s stock after selling 79 shares during the period. Honeywell International comprises approximately 0.6% of Rogco LP’s portfolio, making the stock its 27th largest position. Rogco LP’s holdings in Honeywell International were worth $1,645,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. LGT Group Foundation acquired a new position in Honeywell International during the 1st quarter worth approximately $26,000. Richardson Capital Management LLC purchased a new position in Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the first quarter valued at $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in Honeywell International during the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 4.4 %

Shares of HON stock traded down $9.61 on Thursday, reaching $210.73. 3,790,271 shares of the stock were exchanged, compared to its average volume of 2,869,549. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market cap of $137.22 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The firm has a 50 day moving average of $206.99 and a two-hundred day moving average of $205.30. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $222.98.

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, beating 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 business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the company posted $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 10.1 EPS for the current 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.38%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HON. JPMorgan Chase & Co. downgraded shares of 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Wells Fargo & Company cut 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 report on Monday, October 7th. Finally, Bank of America reiterated a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $224.20.

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.