Sequoia Financial Advisors LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Sequoia Financial Advisors LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,037 shares of the conglomerate’s stock after buying an additional 2,019 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Honeywell International were worth $38,249,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. LGT Group Foundation purchased a new position in Honeywell International in the first quarter worth approximately $26,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth about $35,000. Financial Connections Group Inc. purchased a new stake in Honeywell International in the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC acquired a new position in Honeywell International in the first quarter valued at about $39,000. Finally, TruNorth Capital Management LLC purchased a new position in Honeywell International during the second quarter worth about $43,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.2 %

Shares of Honeywell International stock traded down $0.43 on Tuesday, reaching $221.07. 1,629,500 shares of the company were exchanged, compared to its average volume of 2,837,112. The stock’s 50 day moving average price is $206.02 and its 200-day moving average price is $205.01. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $222.98. The company has a market cap of $143.96 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during 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 firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

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

Wall Street Analysts Forecast Growth

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 upped their price target for the stock 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 target for the company. 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. Finally, Wells Fargo & Company lowered their target price 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. 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, Honeywell International has an average rating of “Hold” and an average price target of $223.56.

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.