Community Financial Services Group LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Community Financial Services Group LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,801 shares of the conglomerate’s stock after selling 342 shares during the period. Honeywell International comprises about 1.4% of Community Financial Services Group LLC’s investment portfolio, making the stock its 22nd biggest position. Community Financial Services Group LLC’s holdings in Honeywell International were worth $6,780,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of HON. EP Wealth Advisors LLC raised its position in shares of Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares during the period. Trilogy Capital Inc. lifted its position in shares of Honeywell International by 125.7% in the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after acquiring an additional 1,349 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Honeywell International in the first quarter worth about $1,398,000. Koshinski Asset Management Inc. grew its position in shares of Honeywell International by 237.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock worth $1,158,000 after purchasing an additional 3,970 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. raised its stake in Honeywell International by 167.2% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock valued at $1,600,000 after purchasing an additional 4,687 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Honeywell International Trading Down 0.2 %

Shares of NASDAQ:HON traded down $0.52 on Monday, hitting $221.50. 3,688,780 shares of the company’s stock were exchanged, compared to its average volume of 2,843,055. The stock has a market capitalization of $144.24 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The business’s 50 day simple moving average is $205.53 and its two-hundred day simple moving average is $204.83.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.23 EPS. Analysts anticipate 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. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, November 15th. 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.