Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 4.6% in the third quarter, Holdings Channel.com reports. The firm owned 1,898 shares of the conglomerate’s stock after acquiring an additional 83 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Honeywell International were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HON. LGT Group Foundation acquired a new stake in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Richardson Capital Management LLC purchased a new position in Honeywell International in the first quarter worth $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth $39,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth $43,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HON shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Wells Fargo & Company decreased their target price on 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, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $223.56.

Honeywell International Stock Up 1.1 %

HON opened at $222.02 on Friday. The business’s fifty day simple moving average is $205.53 and its 200 day simple moving average is $204.79. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.07. The firm has a market cap of $144.58 billion, a P/E ratio of 25.73, a PEG ratio of 2.45 and a beta of 1.03. 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 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 earnings per share. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.1 EPS for the current fiscal 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 dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 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.