Accordant Advisory Group Inc Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Accordant Advisory Group Inc raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 71.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 478 shares of the conglomerate’s stock after purchasing an additional 200 shares during the period. Accordant Advisory Group Inc’s holdings in Honeywell International were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Capital Wealth Planning LLC bought a new position in shares of Honeywell International during the second quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares during the period. Natixis increased its stake in Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after purchasing an additional 310,807 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HON shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company reduced their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $223.56.

Honeywell International Stock Up 0.4 %

Shares of Honeywell International stock opened at $222.35 on Wednesday. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $222.98. The firm’s 50 day moving average price is $206.54 and its 200-day moving average price is $205.19. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a market cap of $144.79 billion, a P/E ratio of 25.76, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly 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. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the business posted $2.23 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.38%.

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.