Montz Harcus Wealth Management LLC Has $297,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Montz Harcus Wealth Management LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,435 shares of the conglomerate’s stock after selling 104 shares during the period. Montz Harcus Wealth Management LLC’s holdings in Honeywell International were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its holdings in shares of Honeywell International by 8.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,344 shares of the conglomerate’s stock valued at $3,378,000 after purchasing an additional 1,244 shares during the period. Ellis Investment Partners LLC raised its stake in Honeywell International by 2.1% in the third quarter. Ellis Investment Partners LLC now owns 2,449 shares of the conglomerate’s stock valued at $506,000 after buying an additional 51 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Honeywell International by 5.0% in the third quarter. State of Alaska Department of Revenue now owns 76,727 shares of the conglomerate’s stock valued at $15,860,000 after buying an additional 3,630 shares during the last quarter. Pullen Investment Management LLC boosted its stake in shares of Honeywell International by 2.1% during the 3rd quarter. Pullen Investment Management LLC now owns 4,990 shares of the conglomerate’s stock worth $1,031,000 after acquiring an additional 103 shares during the period. Finally, Mcrae Capital Management Inc. increased its holdings in shares of Honeywell International by 75.2% during the 3rd quarter. Mcrae Capital Management Inc. now owns 6,733 shares of the conglomerate’s stock worth $1,392,000 after acquiring an additional 2,891 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday. Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday. Bank of America restated a “neutral” rating and set a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a report on Thursday. Finally, Royal Bank of Canada lowered their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $223.73.

Honeywell International Price Performance

HON stock traded down $1.10 during midday trading on Friday, reaching $208.00. 6,088,157 shares of the stock were exchanged, compared to its average volume of 2,908,814. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a market capitalization of $135.45 billion, a PE ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.98. The company has a fifty day moving average price of $207.39 and a 200 day moving average price of $205.44.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 company had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.90 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. As a group, analysts expect that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.38%.

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.