Albert D Mason Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Albert D Mason Inc. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,912 shares of the conglomerate’s stock after selling 99 shares during the period. Albert D Mason Inc.’s holdings in Honeywell International were worth $1,636,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HON. GAM Holding AG lifted its holdings in shares of Honeywell International by 8.1% in the 3rd quarter. GAM Holding AG now owns 15,323 shares of the conglomerate’s stock valued at $3,168,000 after acquiring an additional 1,152 shares during the last quarter. Community Trust & Investment Co. raised its position in Honeywell International by 0.9% in the 3rd quarter. Community Trust & Investment Co. now owns 101,503 shares of the conglomerate’s stock worth $20,982,000 after purchasing an additional 922 shares during the period. Tempus Wealth Planning LLC raised its position in Honeywell International by 2.3% in the 3rd quarter. Tempus Wealth Planning LLC now owns 7,248 shares of the conglomerate’s stock worth $1,498,000 after purchasing an additional 162 shares during the period. Accordant Advisory Group Inc raised its position in Honeywell International by 71.9% in the 3rd quarter. Accordant Advisory Group Inc now owns 478 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 200 shares during the period. Finally, Eastern Bank raised its position in Honeywell International by 121.9% in the 3rd quarter. Eastern Bank now owns 215,252 shares of the conglomerate’s stock worth $44,495,000 after purchasing an additional 118,254 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON opened at $222.35 on Wednesday. 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 firm has a market capitalization of $144.79 billion, a PE ratio of 25.76, a PEG ratio of 2.45 and a beta of 1.03. The firm’s 50-day moving average price is $206.54 and its 200 day moving average price is $205.19. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the prior year, the firm posted $2.23 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This is an increase 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 annualized dividend and a dividend yield of 2.03%. Honeywell International’s payout ratio is presently 52.38%.

Analyst Ratings Changes

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