Fortune Financial Advisors LLC Sells 738 Shares of Honeywell International Inc. (NASDAQ:HON)

Fortune Financial Advisors LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 35.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,370 shares of the conglomerate’s stock after selling 738 shares during the quarter. Fortune Financial Advisors LLC’s holdings in Honeywell International were worth $283,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of 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 purchasing an additional 310,807 shares in the last quarter. Legal & General Group Plc grew its stake in Honeywell International by 0.9% during 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 last quarter. Capital Research Global Investors increased its position in Honeywell International by 6.7% during the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HON. Royal Bank of Canada dropped their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a report on Friday. Morgan Stanley began coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Price Performance

Shares of HON opened at $208.00 on Friday. The business’s 50-day moving average is $207.39 and its two-hundred day moving average is $205.44. The company has a market capitalization of $135.45 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $222.98. 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 (NASDAQ:HON) last issued its earnings results on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.90 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Research analysts predict 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 issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is 52.38%.

Honeywell International 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.