Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Elk River Wealth Management LLC

Elk River Wealth Management LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,100 shares of the conglomerate’s stock after purchasing an additional 236 shares during the period. Honeywell International accounts for 1.3% of Elk River Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. Elk River Wealth Management LLC’s holdings in Honeywell International were worth $7,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. EP Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares during the period. Trilogy Capital Inc. raised its holdings in Honeywell International by 125.7% in the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after acquiring an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Honeywell International during the first quarter worth about $1,398,000. Lloyd Advisory Services LLC. purchased a new position in shares of Honeywell International during the 1st quarter worth about $1,110,000. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of Honeywell International by 237.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after purchasing an additional 3,970 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.0 %

Shares of Honeywell International stock traded down $0.10 during midday trading on Monday, hitting $215.89. The company’s stock had a trading volume of 260,739 shares, compared to its average volume of 2,818,694. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $140.58 billion, a P/E ratio of 25.03, a PEG ratio of 2.45 and a beta of 1.03. The stock has a 50-day simple moving average of $203.51 and a 200-day simple moving average of $204.24.

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 return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the business posted $2.23 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. 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 dividend yield of 2.09%. Honeywell International’s dividend payout ratio is 52.38%.

Analyst Upgrades and Downgrades

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

Honeywell International 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.