Global Trust Asset Management LLC Has $303,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Global Trust Asset Management LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,464 shares of the conglomerate’s stock after buying an additional 100 shares during the quarter. Global Trust Asset Management LLC’s holdings in Honeywell International were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. LGT Group Foundation acquired a new stake in Honeywell International in the 1st quarter worth $26,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the 1st quarter worth $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the 2nd quarter worth $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the 1st quarter worth $39,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Honeywell International during the 1st quarter valued at about $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on HON shares. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Bank of America reiterated a “neutral” rating and set a $230.00 target price (down from $250.00) on shares of Honeywell International in a research report on Thursday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. 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, Wells Fargo & Company decreased their target price 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. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $224.20.

Honeywell International Stock Down 5.1 %

Shares of NASDAQ:HON opened at $209.10 on Friday. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The company has a 50 day moving average of $206.99 and a 200-day moving average of $205.30. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a market cap of $136.16 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly 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. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the company earned $2.23 EPS. Honeywell International’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. Honeywell International’s payout ratio is currently 52.38%.

Honeywell International Company Profile

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.