Orser Capital Management LLC Sells 301 Shares of Honeywell International Inc. (NASDAQ:HON)

Orser Capital Management LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,461 shares of the conglomerate’s stock after selling 301 shares during the quarter. Honeywell International comprises approximately 0.7% of Orser Capital Management LLC’s holdings, making the stock its 29th largest position. Orser Capital Management LLC’s holdings in Honeywell International were worth $922,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cypress Wealth Services LLC increased its position in shares of Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares in the last quarter. Bard Financial Services Inc. increased its position in shares of Honeywell International by 0.3% during the second 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 in the last quarter. ZRC Wealth Management LLC increased its position in shares of Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 50 shares in the last quarter. Quent Capital LLC increased its position in shares of Honeywell International by 3.0% during the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 51 shares in the last quarter. Finally, Lansing Street Advisors increased its position in shares of Honeywell International by 5.0% during the second quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 51 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.4 %

Shares of NASDAQ HON traded up $0.90 during mid-day trading on Friday, reaching $203.78. 1,643,484 shares of the company’s stock were exchanged, compared to its average volume of 2,802,626. The firm has a market capitalization of $132.70 billion, a price-to-earnings 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. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company’s 50-day moving average is $202.78 and its 200-day moving average is $203.89.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.23 EPS. Analysts expect that Honeywell International Inc. will post 10.11 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. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. 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 yield of 2.22%. Honeywell International’s dividend payout ratio is presently 52.38%.

Analyst Ratings Changes

Several brokerages recently commented on HON. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $223.13.

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.