Foster Victor Wealth Advisors LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Foster Victor Wealth Advisors LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,276 shares of the conglomerate’s stock after selling 135 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Honeywell International were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HON. LGT Group Foundation purchased a new stake in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC purchased a new position in Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley initiated 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 target on the stock. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company dropped their target price on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International Trading Up 0.8 %

NASDAQ HON opened at $218.96 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $142.58 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The firm has a 50-day moving average price of $204.66 and a 200 day moving average price of $204.51.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the firm earned $2.23 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.06%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is presently 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.