Pathway Financial Advisors LLC Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Pathway Financial Advisors LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,841 shares of the conglomerate’s stock after selling 470 shares during the period. Honeywell International accounts for approximately 1.5% of Pathway Financial Advisors LLC’s holdings, making the stock its 13th largest holding. Pathway Financial Advisors LLC’s holdings in Honeywell International were worth $5,755,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HON. Sage Capital Advisors llc lifted its stake in Honeywell International by 0.6% during the 3rd quarter. Sage Capital Advisors llc now owns 18,485 shares of the conglomerate’s stock worth $3,821,000 after acquiring an additional 105 shares in the last quarter. Talbot Financial LLC lifted its stake in Honeywell International by 4.1% during the 3rd quarter. Talbot Financial LLC now owns 60,761 shares of the conglomerate’s stock worth $12,560,000 after acquiring an additional 2,371 shares in the last quarter. Brookstone Capital Management lifted its stake in Honeywell International by 5.3% during the 3rd quarter. Brookstone Capital Management now owns 54,921 shares of the conglomerate’s stock worth $11,353,000 after acquiring an additional 2,773 shares in the last quarter. Trust Co of Kansas lifted its stake in Honeywell International by 1.1% during the 3rd quarter. Trust Co of Kansas now owns 26,025 shares of the conglomerate’s stock worth $5,380,000 after acquiring an additional 294 shares in the last quarter. Finally, Reliant Investment Management LLC lifted its stake in Honeywell International by 29.2% during the 3rd quarter. Reliant Investment Management LLC now owns 1,327 shares of the conglomerate’s stock worth $274,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Wells Fargo & Company reduced their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $222.13.

Honeywell International Stock Up 1.8 %

Honeywell International stock opened at $207.00 on Wednesday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The stock has a 50 day moving average of $202.82 and a two-hundred day moving average of $203.92. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $134.80 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.23 earnings per share. As a group, research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.18%. 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.