Stablepoint Partners LLC Acquires 172 Shares of Honeywell International Inc. (NASDAQ:HON)

Stablepoint Partners LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 10.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,814 shares of the conglomerate’s stock after purchasing an additional 172 shares during the period. Stablepoint Partners LLC’s holdings in Honeywell International were worth $375,000 as of its most recent SEC filing.

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

Honeywell International Price Performance

Honeywell International stock opened at $217.60 on Tuesday. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. 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 firm’s fifty day moving average is $203.87 and its 200 day moving average is $204.32. The company has a market cap of $141.70 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the firm earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed 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 boost 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 2.08%. Honeywell International’s payout ratio is 52.38%.

Wall Street Analyst Weigh In

HON has been the topic of several analyst reports. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus price target 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.