Honeywell International Inc. (NASDAQ:HON) Shares Sold by Rogco LP

Rogco LP cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,957 shares of the conglomerate’s stock after selling 79 shares during the period. Honeywell International makes up approximately 0.6% of Rogco LP’s holdings, making the stock its 27th biggest holding. Rogco LP’s holdings in Honeywell International were worth $1,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LGT Group Foundation purchased a new position in shares of Honeywell International in the first quarter valued at $26,000. Richardson Capital Management LLC purchased a new stake in Honeywell International during the 1st quarter worth $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the 2nd quarter worth $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International in the 1st quarter valued at about $39,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Honeywell International during the second quarter valued at about $43,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HON. 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. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Bank of America reaffirmed a “neutral” rating and issued a $230.00 price target (down from $250.00) on shares of Honeywell International in a report on Thursday. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $224.20.

Honeywell International Trading Down 4.4 %

NASDAQ HON traded down $9.61 on Thursday, hitting $210.73. 3,790,271 shares of the stock were exchanged, compared to its average volume of 2,869,549. The company’s 50-day moving average price is $206.99 and its two-hundred day moving average price is $205.30. The company has a market capitalization of $137.22 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $222.98. 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 (NASDAQ:HON) last released 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 company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company 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 $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

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.