Triton Wealth Management PLLC Has $249,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Triton Wealth Management PLLC raised its stake in Honeywell International Inc. (NASDAQ:HON) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,206 shares of the conglomerate’s stock after buying an additional 208 shares during the quarter. Triton Wealth Management PLLC’s holdings in Honeywell International were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC boosted its stake 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 acquiring an additional 14,271 shares during the last quarter. Connectus Wealth LLC grew its holdings in shares of Honeywell International by 2.2% in the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after buying an additional 4,789 shares during the period. Sanibel Captiva Trust Company Inc. bought a new stake in shares of Honeywell International in the 4th quarter valued at $27,230,000. Trilogy Capital Inc. raised its stake in Honeywell International by 125.7% during the 1st 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 period. Finally, Jupiter Asset Management Ltd. bought a new position in Honeywell International during the first quarter worth about $1,398,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent analyst reports. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Six research 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, the company has a consensus rating of “Hold” and a consensus target price of $223.13.

Honeywell International Stock Up 0.4 %

HON traded up $0.90 on Friday, hitting $203.78. 1,643,484 shares of the company were exchanged, compared to its average volume of 2,802,626. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The company has a market cap of $132.70 billion, a PE ratio of 23.61, a PEG ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock’s fifty day moving average is $202.78 and its 200-day moving average is $203.85.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the company posted $2.23 earnings per share. Honeywell International’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Honeywell International Inc. will post 10.11 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. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.22%. 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. Honeywell International’s payout ratio is 52.38%.

About Honeywell International

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.