Kavar Capital Partners Group LLC Has $386,000 Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Kavar Capital Partners Group LLC cut its position in Honeywell International Inc. (NASDAQ:HON) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,865 shares of the conglomerate’s stock after selling 200 shares during the period. Kavar Capital Partners Group LLC’s holdings in Honeywell International were worth $386,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cypress Wealth Services LLC lifted its position in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares during the period. Bard Financial Services Inc. lifted its position in shares of Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after purchasing an additional 50 shares during the period. ZRC Wealth Management LLC lifted its position in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 50 shares during the period. CFM Wealth Partners LLC lifted its position in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after purchasing an additional 50 shares during the period. Finally, Quent Capital LLC lifted its position in shares of Honeywell International by 3.0% in the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON stock opened at $208.00 on Friday. The firm has a market capitalization of $135.45 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The firm has a fifty day simple moving average of $207.39 and a two-hundred day simple moving average of $205.44. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $222.98.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.08. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.90 billion. Analysts forecast 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 paid a $1.13 dividend. This is a positive change 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 2.17%. Honeywell International’s dividend payout ratio is presently 52.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HON shares. Bank of America restated a “neutral” rating and issued a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research report on Thursday. Citigroup dropped their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International 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.