Ledyard National Bank Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Ledyard National Bank lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,742 shares of the conglomerate’s stock after selling 820 shares during the period. Ledyard National Bank’s holdings in Honeywell International were worth $7,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HON. CGN Advisors LLC increased its stake in Honeywell International by 8.2% in the 1st quarter. CGN Advisors LLC now owns 1,817 shares of the conglomerate’s stock worth $373,000 after purchasing an additional 138 shares during the period. Community Bank of Raymore increased its stake in Honeywell International by 32.9% in the 1st quarter. Community Bank of Raymore now owns 3,917 shares of the conglomerate’s stock worth $804,000 after purchasing an additional 970 shares during the period. DLK Investment Management LLC increased its stake in Honeywell International by 5.4% in the 1st quarter. DLK Investment Management LLC now owns 28,217 shares of the conglomerate’s stock worth $5,792,000 after purchasing an additional 1,433 shares during the period. Shorepath Capital Management LLC increased its stake in Honeywell International by 6.4% in the 1st quarter. Shorepath Capital Management LLC now owns 29,041 shares of the conglomerate’s stock worth $5,961,000 after purchasing an additional 1,738 shares during the period. Finally, Prentice Wealth Management LLC boosted its stake in Honeywell International by 4.2% during the first quarter. Prentice Wealth Management LLC now owns 2,533 shares of the conglomerate’s stock worth $520,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.2 %

Shares of HON stock opened at $221.50 on Tuesday. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $222.98. The stock has a market cap of $144.24 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The company has a 50 day simple moving average of $206.02 and a two-hundred day simple moving average of $205.01.

Honeywell International (NASDAQ:HON) last announced its 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. The business 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 revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio is 52.38%.

Analyst Ratings Changes

Several equities research analysts recently commented on HON shares. Wells Fargo & Company dropped 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 note on Monday, October 7th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. 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 target price on the stock. JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average 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.