Altus Wealth Group LLC Purchases 735 Shares of Honeywell International Inc. (NASDAQ:HON)

Altus Wealth Group LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 19.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,574 shares of the conglomerate’s stock after purchasing an additional 735 shares during the period. Altus Wealth Group LLC’s holdings in Honeywell International were worth $945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Greenleaf Trust grew its holdings in Honeywell International by 1.4% in the third quarter. Greenleaf Trust now owns 116,429 shares of the conglomerate’s stock worth $24,067,000 after purchasing an additional 1,579 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in Honeywell International by 2.5% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 202,217 shares of the conglomerate’s stock worth $41,800,000 after purchasing an additional 4,863 shares during the last quarter. Meadow Creek Wealth Advisors LLC grew its holdings in shares of Honeywell International by 16.2% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 2,755 shares of the conglomerate’s stock valued at $569,000 after buying an additional 385 shares during the last quarter. GAM Holding AG grew its holdings in shares of Honeywell International by 8.1% during the third quarter. GAM Holding AG now owns 15,323 shares of the conglomerate’s stock valued at $3,168,000 after buying an additional 1,152 shares during the last quarter. Finally, Community Trust & Investment Co. grew its holdings in shares of Honeywell International by 0.9% during the third quarter. Community Trust & Investment Co. now owns 101,503 shares of the conglomerate’s stock valued at $20,982,000 after buying an additional 922 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON traded up $0.03 during trading hours on Wednesday, hitting $222.38. 973,495 shares of the company’s stock traded hands, compared to its average volume of 2,839,642. The firm’s 50-day moving average is $206.54 and its 200-day moving average is $205.19. 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. The company has a market capitalization of $144.81 billion, a PE ratio of 25.76, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 15.49% and a return on equity of 36.87%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $2.23 EPS. Equities analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $225.00 to $235.00 in a report on Thursday, October 10th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. 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 report on Thursday, September 26th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $223.56.

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.