Pullen Investment Management LLC Acquires 103 Shares of Honeywell International Inc. (NASDAQ:HON)

Pullen Investment Management LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,990 shares of the conglomerate’s stock after buying an additional 103 shares during the period. Pullen Investment Management LLC’s holdings in Honeywell International were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. LGT Group Foundation bought a new position in shares of Honeywell International in the first quarter valued at $26,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International during the second quarter valued at about $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the first quarter valued at about $39,000. TruNorth Capital Management LLC bought a new position in shares of Honeywell International during the second quarter valued at about $43,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of Honeywell International during the first quarter valued at about $42,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HON. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $223.00 to $217.00 in a research report on Friday. Bank of America reissued a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a research report on Thursday. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Barclays lowered their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Price Performance

HON opened at $208.00 on Friday. The company has a market capitalization of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. 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 firm has a 50-day moving average price of $207.39 and a 200-day moving average price of $205.44. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, beating the consensus estimate of $2.50 by $0.08. The company had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Equities analysts expect that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.17%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 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.