Wallington Asset Management LLC Buys 4,244 Shares of Honeywell International Inc. (NASDAQ:HON)

Wallington Asset Management LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,431 shares of the conglomerate’s stock after acquiring an additional 4,244 shares during the period. Honeywell International accounts for about 2.5% of Wallington Asset Management LLC’s portfolio, making the stock its 12th biggest position. Wallington Asset Management LLC’s holdings in Honeywell International were worth $17,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Sound Income Strategies LLC increased its stake in Honeywell International by 26.4% in the first quarter. Sound Income Strategies LLC now owns 824 shares of the conglomerate’s stock valued at $169,000 after acquiring an additional 172 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Honeywell International by 2.8% in the 1st quarter. Brookstone Capital Management now owns 45,998 shares of the conglomerate’s stock valued at $9,441,000 after purchasing an additional 1,246 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Honeywell International during the 1st quarter worth $101,000. Sovereign Financial Group Inc. lifted its position in shares of Honeywell International by 11.4% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,838 shares of the conglomerate’s stock worth $377,000 after buying an additional 188 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in Honeywell International by 351.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 10,952 shares of the conglomerate’s stock valued at $2,248,000 after buying an additional 8,527 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ:HON opened at $220.34 on Thursday. The firm has a market cap of $143.48 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $222.98. The business has a fifty day simple moving average of $206.99 and a 200 day simple moving average of $205.30. 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 issued its quarterly earnings results 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the business posted $2.23 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 10.1 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. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.05%. Honeywell International’s payout ratio is 52.38%.

Analyst Upgrades and Downgrades

HON has been the subject of several research analyst reports. Wells Fargo & Company lowered their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. 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 objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. lowered Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $235.00 in a research report on Thursday, October 10th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $223.56.

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.