Forbes J M & Co. LLP Has $11.45 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Forbes J M & Co. LLP trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,379 shares of the conglomerate’s stock after selling 487 shares during the period. Forbes J M & Co. LLP’s holdings in Honeywell International were worth $11,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LVW Advisors LLC increased its stake in Honeywell International by 5.7% in the 1st quarter. LVW Advisors LLC now owns 1,572 shares of the conglomerate’s stock valued at $323,000 after buying an additional 85 shares during the last quarter. BKM Wealth Management LLC increased its stake in Honeywell International by 33.6% in the 1st quarter. BKM Wealth Management LLC now owns 2,495 shares of the conglomerate’s stock valued at $512,000 after buying an additional 628 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in Honeywell International by 11.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,518 shares of the conglomerate’s stock valued at $312,000 after buying an additional 156 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Honeywell International by 12.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,774 shares of the conglomerate’s stock valued at $33,409,000 after buying an additional 18,300 shares during the last quarter. Finally, Iams Wealth Management LLC increased its stake in Honeywell International by 5.5% in the 1st quarter. Iams Wealth Management LLC now owns 8,983 shares of the conglomerate’s stock valued at $1,775,000 after buying an additional 466 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $2.12 on Monday, reaching $205.88. 1,254,132 shares of the company’s stock were exchanged, compared to its average volume of 2,900,862. The company has a fifty day moving average of $207.39 and a 200-day moving average of $205.51. Honeywell International Inc. has a twelve month low of $176.60 and a twelve month high of $222.98. The company has a market capitalization of $134.07 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. 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 (NASDAQ:HON) last announced its 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. 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 analyst estimates of $9.41 billion. During the same quarter in the prior year, the business posted $2.23 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict 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. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America reiterated a “neutral” rating and issued a $230.00 price target (down from $250.00) on shares of Honeywell International in a research note on Thursday. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $223.73.

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.