Stock Yards Bank & Trust Co. lessened its holdings in Honeywell International Inc. (NYSE:HON) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,864 shares of the conglomerate’s stock after selling 76 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Honeywell International were worth $2,943,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the business. Procyon Private Wealth Partners LLC increased its stake in Honeywell International by 185.8% in the 3rd quarter. Procyon Private Wealth Partners LLC now owns 3,630 shares of the conglomerate’s stock worth $771,000 after purchasing an additional 2,360 shares during the period. Genesee Capital Advisors LLC bought a new position in shares of Honeywell International in the third quarter worth approximately $975,000. Norway Savings Bank increased its stake in shares of Honeywell International by 5.7% in the third quarter. Norway Savings Bank now owns 5,117 shares of the conglomerate’s stock worth $1,086,000 after buying an additional 275 shares during the period. IAM Advisory LLC bought a new stake in Honeywell International during the 3rd quarter valued at $1,359,000. Finally, Schneider Downs Wealth Management Advisors LP boosted its position in Honeywell International by 6.5% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 2,612 shares of the conglomerate’s stock valued at $554,000 after buying an additional 160 shares during the period. 75.80% of the stock is owned by institutional investors and hedge funds.
HON has been the subject of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Honeywell International from $246.00 to $229.00 and set an “equal weight” rating for the company in a research note on Thursday, October 7th. Wells Fargo & Company began coverage on Honeywell International in a research report on Thursday, October 7th. They set an “equal weight” rating and a $229.00 price target for the company. Royal Bank of Canada reduced their target price on Honeywell International from $229.00 to $224.00 and set a “sector perform” rating on the stock in a research note on Monday, October 25th. Finally, Barclays decreased their target price on Honeywell International from $253.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, October 25th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $235.73.
Shares of NYSE HON traded down $3.79 during mid-day trading on Thursday, hitting $212.21. 3,265,442 shares of the stock traded hands, compared to its average volume of 2,625,229. The company has a market cap of $146.09 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.53 and a beta of 1.14. The stock has a fifty day moving average price of $218.98 and a 200-day moving average price of $223.71. Honeywell International Inc. has a 52 week low of $194.55 and a 52 week high of $236.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.29.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, October 21st. The conglomerate reported $2.02 EPS for the quarter, beating the consensus estimate of $2.00 by $0.02. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $8.68 billion. Honeywell International had a return on equity of 31.21% and a net margin of 15.80%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 earnings per share. As a group, sell-side analysts predict that Honeywell International Inc. will post 8.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 12th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, November 10th. This represents a $3.92 annualized dividend and a yield of 1.85%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.93. Honeywell International’s payout ratio is presently 50.39%.
Honeywell International Company Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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