Honeywell International Inc. (NASDAQ:HON) Stock Position Raised by West Michigan Advisors LLC

West Michigan Advisors LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,364 shares of the conglomerate’s stock after buying an additional 61 shares during the quarter. West Michigan Advisors LLC’s holdings in Honeywell International were worth $695,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HON. EP Wealth Advisors LLC lifted its position in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the last quarter. Trilogy Capital Inc. lifted its holdings in Honeywell International by 125.7% in the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after purchasing an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Honeywell International during the first quarter valued at approximately $1,398,000. Koshinski Asset Management Inc. grew its holdings in Honeywell International by 237.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after purchasing an additional 3,970 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. raised its position in shares of Honeywell International by 167.2% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock valued at $1,600,000 after purchasing an additional 4,687 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HON. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $223.00 to $217.00 in a research note on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Bank of America restated a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a research note on Thursday. Finally, Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Nine equities 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.com, the company presently has an average rating of “Hold” and a consensus price target of $223.55.

Honeywell International Price Performance

Shares of HON stock opened at $209.10 on Friday. The company has a market capitalization of $136.16 billion, a P/E ratio of 24.23, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $222.98. The stock has a 50 day moving average of $206.99 and a two-hundred day moving average of $205.30.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.90 billion. As a group, equities analysts expect that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

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