Koshinski Asset Management Inc. Sells 50 Shares of Honeywell International Inc. (NASDAQ:HON)

Koshinski Asset Management Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,820 shares of the conglomerate’s stock after selling 50 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Honeywell International were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. LGT Group Foundation bought a new position in Honeywell International in the 1st quarter worth about $26,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC purchased a new position in Honeywell International during the first quarter valued at approximately $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $215.99 on Monday. 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 Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The company has a market capitalization of $140.65 billion, a P/E ratio of 25.03, a PEG ratio of 2.45 and a beta of 1.03. The stock has a 50 day moving average price of $203.51 and a two-hundred day moving average price of $204.24.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the company posted $2.23 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts expect 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 given a dividend of $1.13 per share. This is a positive change 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 yield of 2.09%. Honeywell International’s dividend payout ratio is presently 52.38%.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $225.00 to $235.00 in a report on Thursday. Wells Fargo & Company lowered their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Finally, Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.