Novare Capital Management LLC Has $12.16 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Novare Capital Management LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,826 shares of the conglomerate’s stock after purchasing an additional 190 shares during the period. Novare Capital Management LLC’s holdings in Honeywell International were worth $12,160,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at about $35,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the first quarter worth approximately $39,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $0.19 during mid-day trading on Monday, reaching $216.18. 359,044 shares of the company’s stock were exchanged, compared to its average volume of 2,819,428. The firm has a 50-day moving average price of $203.51 and a two-hundred day moving average price of $204.24. 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 firm has a market capitalization of $140.77 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the firm posted $2.23 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts predict that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $225.00 to $235.00 in a report on Thursday. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company decreased their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Finally, Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $223.56.

About Honeywell International

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.