Naviter Wealth LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Naviter Wealth LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,940 shares of the conglomerate’s stock after selling 65 shares during the quarter. Naviter Wealth LLC’s holdings in Honeywell International were worth $2,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Scarborough Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $27,000. Foster Group Inc. raised its holdings in Honeywell International by 14.5% in the first quarter. Foster Group Inc. now owns 1,485 shares of the conglomerate’s stock worth $305,000 after buying an additional 188 shares during the last quarter. Legacy Private Trust Co. lifted its stake in shares of Honeywell International by 3.6% in the first quarter. Legacy Private Trust Co. now owns 2,850 shares of the conglomerate’s stock worth $585,000 after buying an additional 100 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of Honeywell International by 1.0% during the first quarter. Banque Cantonale Vaudoise now owns 28,337 shares of the conglomerate’s stock valued at $5,816,000 after buying an additional 279 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services increased its position in shares of Honeywell International by 3.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 18,251 shares of the conglomerate’s stock valued at $3,746,000 after acquiring an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Honeywell International stock traded up $0.87 during trading on Thursday, reaching $219.83. The company had a trading volume of 229,369 shares, compared to its average volume of 2,818,468. The firm’s 50-day simple moving average is $204.66 and its 200 day simple moving average is $204.51. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $143.15 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate 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 return on equity of 36.87% and a net margin of 15.49%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.23 earnings per share. Sell-side analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This is a positive change 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 2.06%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

Analysts Set New Price Targets

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