Bard Financial Services Inc. Sells 6,459 Shares of Honeywell International Inc. (NASDAQ:HON)

Bard Financial Services Inc. lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 36.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,135 shares of the conglomerate’s stock after selling 6,459 shares during the period. Bard Financial Services Inc.’s holdings in Honeywell International were worth $2,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. LGT Group Foundation acquired a new position in Honeywell International in the first quarter valued at $26,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International in the first quarter worth $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the second quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the first quarter valued at approximately $39,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Wells Fargo & Company decreased their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Morgan Stanley initiated coverage on 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. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.13.

Honeywell International Trading Up 0.4 %

HON traded up $0.90 during midday trading on Friday, reaching $203.78. 1,643,484 shares of the company were exchanged, compared to its average volume of 2,802,626. The stock’s 50-day simple moving average is $202.78 and its 200 day simple moving average is $203.85. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The stock has a market capitalization of $132.70 billion, a P/E ratio of 23.61, a PEG ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The business 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%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.23 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.22%. The ex-dividend date 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%.

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.