Park Place Capital Corp Reduces Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Park Place Capital Corp lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,599 shares of the conglomerate’s stock after selling 63 shares during the quarter. Park Place Capital Corp’s holdings in Honeywell International were worth $331,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LGT Group Foundation acquired a new position in Honeywell International during the 1st quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth about $27,000. Richardson Capital Management LLC purchased a new stake in shares of Honeywell International in the first quarter worth about $35,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International in the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International in the first quarter worth about $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.8 %

Shares of HON opened at $207.00 on Wednesday. The company has a market capitalization of $134.80 billion, a PE ratio of 23.99, a price-to-earnings-growth 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 has a fifty day moving average of $202.82 and a two-hundred day moving average of $203.92. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. The firm 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 firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.23 EPS. As a group, analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.18%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Analyst Upgrades and Downgrades

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

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.