Brighton Jones LLC Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Brighton Jones LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,465 shares of the conglomerate’s stock after selling 454 shares during the quarter. Brighton Jones LLC’s holdings in Honeywell International were worth $3,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. LGT Group Foundation purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $26,000. Richardson Capital Management LLC acquired a new position in Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the second quarter worth $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the first quarter valued at $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Honeywell International during the 1st quarter worth $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $220.34 on Thursday. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $222.98. The firm has a market cap of $143.48 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company’s 50-day moving average is $206.99 and its two-hundred day moving average is $205.30. 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 (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the business posted $2.23 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Research analysts expect that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

Analyst Upgrades and Downgrades

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

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.