Vista Investment Partners LLC Acquires 178 Shares of Honeywell International Inc. (NASDAQ:HON)

Vista Investment Partners LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,386 shares of the conglomerate’s stock after purchasing an additional 178 shares during the quarter. Vista Investment Partners LLC’s holdings in Honeywell International were worth $3,594,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter valued at about $26,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $35,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the 2nd quarter worth $38,000. Pathway Financial Advisers LLC bought a new position in Honeywell International during the first quarter worth about $39,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Honeywell International in the 1st quarter valued at about $42,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HON. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Finally, Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $223.56.

Honeywell International Stock Up 0.3 %

Honeywell International stock opened at $219.55 on Friday. 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 1-year low of $174.88 and a 1-year high of $220.79. The company has a fifty day simple moving average of $205.05 and a 200 day simple moving average of $204.62. The company has a market cap of $142.97 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the business earned $2.23 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal 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 paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, November 15th. This is a boost 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.