Cetera Trust Company N.A Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Cetera Trust Company N.A reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,410 shares of the conglomerate’s stock after selling 300 shares during the period. Honeywell International comprises 1.3% of Cetera Trust Company N.A’s portfolio, making the stock its 24th largest position. Cetera Trust Company N.A’s holdings in Honeywell International were worth $2,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sky Investment Group LLC raised its holdings in Honeywell International by 3.8% in the third quarter. Sky Investment Group LLC now owns 21,833 shares of the conglomerate’s stock valued at $4,513,000 after acquiring an additional 796 shares in the last quarter. Home Federal Bank of Tennessee lifted its holdings in Honeywell International by 1.0% in the 3rd quarter. Home Federal Bank of Tennessee now owns 16,914 shares of the conglomerate’s stock valued at $3,496,000 after acquiring an additional 175 shares during the last quarter. Calton & Associates Inc. boosted its holdings in Honeywell International by 22.3% during the third quarter. Calton & Associates Inc. now owns 1,839 shares of the conglomerate’s stock worth $380,000 after buying an additional 335 shares in the last quarter. Maple Capital Management Inc. boosted its stake in shares of Honeywell International by 1.3% during the 3rd quarter. Maple Capital Management Inc. now owns 149,909 shares of the conglomerate’s stock worth $30,988,000 after acquiring an additional 1,973 shares in the last quarter. Finally, Jade Capital Advisors LLC purchased a new position in shares of Honeywell International in the third quarter worth approximately $1,034,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HON shares. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price 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 for the company in a report on Monday, October 7th. Royal Bank of Canada reaffirmed 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 lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International Price Performance

Shares of HON stock traded down $0.62 during trading on Tuesday, hitting $220.88. The company had a trading volume of 1,458,617 shares, compared to its average volume of 2,836,274. The firm has a market capitalization of $143.83 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The stock’s 50-day moving average price is $206.02 and its 200 day moving average price is $205.01.

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

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. 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. This represents a $4.52 annualized dividend and a dividend yield of 2.05%. Honeywell International’s payout ratio is 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.