Net Worth Advisory Group Purchases New Position in Honeywell International Inc. (NASDAQ:HON)

Net Worth Advisory Group acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to its most recent filing with the SEC. The fund acquired 2,791 shares of the conglomerate’s stock, valued at approximately $577,000.

Other institutional investors have also recently made changes to their positions in the company. LGT Group Foundation bought a new position in shares of Honeywell International during the 1st quarter valued at about $26,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International during the first quarter worth approximately $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at $39,000. Finally, TruNorth Capital Management LLC purchased a new position in Honeywell International in the 2nd quarter worth $43,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Honeywell International Stock Up 1.1 %

Shares of HON opened at $222.02 on Friday. The business’s 50 day moving average is $205.53 and its 200 day moving average is $204.79. 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 12-month low of $174.88 and a 12-month high of $222.07. The company has a market capitalization of $144.58 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) 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 firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 earnings per share. Research analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is presently 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.