Honeywell International Inc. (NASDAQ:HON) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,719 shares of the conglomerate’s stock after selling 955 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Honeywell International were worth $769,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Symmetry Investments LP acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $384,000. MGO One Seven LLC boosted its position in shares of Honeywell International by 8.3% in the 4th quarter. MGO One Seven LLC now owns 7,594 shares of the conglomerate’s stock valued at $1,593,000 after purchasing an additional 581 shares during the period. Icon Wealth Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $861,000. Oribel Capital Management LP acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $22,103,000. Finally, Jacobi Capital Management LLC boosted its position in shares of Honeywell International by 1.7% in the 4th quarter. Jacobi Capital Management LLC now owns 6,260 shares of the conglomerate’s stock valued at $1,313,000 after purchasing an additional 107 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HON shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company decreased their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $222.13.

Honeywell International Stock Performance

Shares of HON stock opened at $207.00 on Wednesday. The company has a market cap of $134.80 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The stock has a 50 day simple moving average of $202.82 and a 200-day simple moving average of $203.92. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. 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 issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) 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 the consensus estimate 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 for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.23 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 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.