Sky Investment Group LLC Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Sky Investment Group LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,833 shares of the conglomerate’s stock after purchasing an additional 796 shares during the quarter. Sky Investment Group LLC’s holdings in Honeywell International were worth $4,513,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Richardson Capital Management LLC bought a new position in Honeywell International during the first quarter valued at $35,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the 1st quarter worth about $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Honeywell International during the 1st quarter worth about $42,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HON shares. JPMorgan Chase & Co. lowered Honeywell International from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Morgan Stanley started 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 cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company reduced 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International Stock Down 0.4 %

HON stock traded down $0.95 on Tuesday, hitting $220.55. 1,286,088 shares of the company’s stock were exchanged, compared to its average volume of 2,834,776. The firm has a 50 day moving average price of $206.02 and a two-hundred day moving average price of $205.01. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $222.98. The stock has a market cap of $143.62 billion, a P/E ratio of 25.67, 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.

Honeywell International (NASDAQ:HON) last released its earnings results 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 company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the business earned $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.05%. Honeywell International’s payout ratio is 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.