Grassi Investment Management Sells 765 Shares of Honeywell International Inc. (NASDAQ:HON)

Grassi Investment Management lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,969 shares of the conglomerate’s stock after selling 765 shares during the quarter. Honeywell International accounts for about 1.1% of Grassi Investment Management’s portfolio, making the stock its 23rd biggest position. Grassi Investment Management’s holdings in Honeywell International were worth $12,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HON. Price T Rowe Associates Inc. MD grew its position in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Honeywell International by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after acquiring an additional 42,305 shares in the last quarter. Capital Research Global Investors increased its position in shares of Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after acquiring an additional 212,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HON. JPMorgan Chase & Co. lowered Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $225.00 to $235.00 in a research report on Thursday, October 10th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley initiated 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 reiterated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Finally, Wells Fargo & Company dropped their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $223.56.

Honeywell International Stock Down 0.9 %

HON opened at $220.34 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a fifty day moving average of $206.99 and a 200-day moving average of $205.30. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $222.98. The company has a market capitalization of $143.48 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.45 and a beta of 1.03.

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, equities analysts expect that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.05%. 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 (DPR) is 52.38%.

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.