Honeywell International Inc. (NASDAQ:HON) Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 25.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,262 shares of the conglomerate’s stock after selling 3,120 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Honeywell International were worth $1,915,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Aprio Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at $227,000. Greenfield Savings Bank raised its position in Honeywell International by 12.6% in the third quarter. Greenfield Savings Bank now owns 6,723 shares of the conglomerate’s stock valued at $1,390,000 after purchasing an additional 750 shares during the period. Stokes Capital Advisors LLC lifted its stake in shares of Honeywell International by 3.9% during the third quarter. Stokes Capital Advisors LLC now owns 37,009 shares of the conglomerate’s stock worth $7,650,000 after purchasing an additional 1,401 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Honeywell International by 5.5% in the third quarter. Fulton Bank N.A. now owns 17,374 shares of the conglomerate’s stock valued at $3,591,000 after buying an additional 908 shares in the last quarter. Finally, Value Partners Investments Inc. raised its holdings in shares of Honeywell International by 8.8% during the 3rd quarter. Value Partners Investments Inc. now owns 3,544 shares of the conglomerate’s stock valued at $733,000 after buying an additional 286 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on HON. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company dropped their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday. Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. 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, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $222.13.

Honeywell International Trading Down 0.2 %

NASDAQ:HON opened at $203.33 on Tuesday. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. 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 business has a 50 day simple moving average of $202.78 and a 200 day simple moving average of $203.91. The firm has a market capitalization of $132.41 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the firm posted $2.23 EPS. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Honeywell International Inc. will post 10.11 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 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 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%.

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.