Heritage Financial Services LLC Sells 187 Shares of Honeywell International Inc. (NASDAQ:HON)

Heritage Financial Services LLC lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 14.6% during the third quarter, Holdings Channel reports. The firm owned 1,094 shares of the conglomerate’s stock after selling 187 shares during the period. Heritage Financial Services LLC’s holdings in Honeywell International were worth $226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter worth about $26,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International in the first quarter valued at approximately $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the second quarter worth $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the 1st quarter worth $39,000. Finally, New Covenant Trust Company N.A. bought a new position in Honeywell International in the 1st quarter worth $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.3 %

Shares of HON opened at $209.74 on Friday. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $222.98. The stock has a market cap of $136.58 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a 50-day moving average price of $206.99 and a two-hundred day moving average price of $205.30. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Equities analysts predict that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. 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 yield of 2.16%. Honeywell International’s dividend payout ratio is presently 52.38%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $223.00 to $217.00 in a research note on Friday. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. 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. Finally, Wells Fargo & Company boosted their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average price target of $224.27.

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.