Ballentine Partners LLC Sells 586 Shares of Honeywell International Inc. (NASDAQ:HON)

Ballentine Partners LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 2.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,837 shares of the conglomerate’s stock after selling 586 shares during the period. Ballentine Partners LLC’s holdings in Honeywell International were worth $4,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. Capital Wealth Planning LLC purchased a new position in Honeywell International in the 2nd quarter worth $392,478,000. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Natixis lifted its stake in Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Honeywell International by 12.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after purchasing an additional 325,272 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $223.00 to $217.00 in a report on Friday. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company lifted their target price on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $224.27.

Honeywell International Price Performance

Honeywell International stock opened at $209.74 on Friday. The company has a market cap of $136.58 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.45 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. The business has a fifty day moving average of $206.99 and a two-hundred day moving average of $205.30. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.90 billion. As a group, analysts predict that Honeywell International Inc. will post 10.1 earnings per share 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. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

Honeywell International Company 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.