Neville Rodie & Shaw Inc. Has $7.54 Million Position in Honeywell International Inc. (NASDAQ:HON)

Neville Rodie & Shaw Inc. cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,493 shares of the conglomerate’s stock after selling 1,909 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Honeywell International were worth $7,544,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in Honeywell International in the first quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the first quarter valued at approximately $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the first quarter valued at approximately $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Finally, Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Trading Down 1.1 %

Shares of Honeywell International stock opened at $203.88 on Thursday. The firm has a market capitalization of $132.76 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company’s fifty day moving average price is $202.75 and its two-hundred day moving average price is $203.81. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the company earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that Honeywell International Inc. will post 10.11 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. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 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.