Financial Management Professionals Inc. Has $171,000 Position in Honeywell International Inc. (NASDAQ:HON)

Financial Management Professionals Inc. decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 825 shares of the conglomerate’s stock after selling 71 shares during the period. Financial Management Professionals Inc.’s holdings in Honeywell International were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. EP Wealth Advisors LLC raised its holdings in Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares during the last quarter. Trilogy Capital Inc. raised its stake in Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after buying an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Honeywell International in the first quarter valued at $1,398,000. Koshinski Asset Management Inc. boosted its position in Honeywell International by 237.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after acquiring an additional 3,970 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. grew its holdings 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 worth $1,600,000 after acquiring an additional 4,687 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 0.5 %

NASDAQ HON opened at $208.00 on Friday. The stock has a market capitalization of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The business’s fifty day moving average is $207.39 and its 200-day moving average is $205.44.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.90 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Equities research analysts predict that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. 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 2.17%. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Analysts Set New Price Targets

Several brokerages recently commented on HON. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research note on Friday. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company increased their price target on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $223.73.

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.