Whittier Trust Co. of Nevada Inc. Acquires 3,736 Shares of Honeywell International Inc. (NASDAQ:HON)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,204 shares of the conglomerate’s stock after purchasing an additional 3,736 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Honeywell International were worth $23,607,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

HON has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and increased their price target for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. 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 objective on the stock. Wells Fargo & Company cut their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $0.54 during midday trading on Monday, hitting $221.48. The company’s stock had a trading volume of 2,156,001 shares, compared to its average volume of 2,835,504. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The stock has a fifty day moving average price of $205.53 and a 200 day moving average price of $204.83. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $144.22 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.23 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.04%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.38%.

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.