Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Wright Investors Service Inc.

Wright Investors Service Inc. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 35.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,867 shares of the conglomerate’s stock after purchasing an additional 2,344 shares during the period. Wright Investors Service Inc.’s holdings in Honeywell International were worth $1,833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HON. ZRC Wealth Management LLC lifted its position in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after acquiring an additional 50 shares in the last quarter. Cullen Investment Group LTD. lifted its position in shares of Honeywell International by 2.8% in the 3rd quarter. Cullen Investment Group LTD. now owns 2,649 shares of the conglomerate’s stock valued at $548,000 after acquiring an additional 71 shares in the last quarter. Central Valley Advisors LLC purchased a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $320,000. Triton Wealth Management PLLC lifted its position in shares of Honeywell International by 20.8% in the 3rd quarter. Triton Wealth Management PLLC now owns 1,206 shares of the conglomerate’s stock valued at $249,000 after acquiring an additional 208 shares in the last quarter. Finally, Thrive Wealth Management LLC lifted its position in shares of Honeywell International by 8.8% in the 3rd quarter. Thrive Wealth Management LLC now owns 2,215 shares of the conglomerate’s stock valued at $458,000 after acquiring an additional 179 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.4 %

Shares of HON traded up $0.90 during mid-day trading on Friday, hitting $203.78. 1,643,484 shares of the company’s stock were exchanged, compared to its average volume of 2,802,626. The firm has a fifty day moving average of $202.78 and a two-hundred day moving average of $203.89. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The stock has a market cap of $132.70 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 2.32 and a beta of 1.03. 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 announced its quarterly 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. 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 analyst estimates of $9.41 billion. During the same quarter in the prior year, the business posted $2.23 EPS. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Increases Dividend

The firm 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 is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.22%. Honeywell International’s dividend payout ratio is 52.38%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HON shares. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Morgan Stanley began 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. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $223.13.

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.