Harbor Investment Advisory LLC Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Harbor Investment Advisory LLC cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,353 shares of the conglomerate’s stock after selling 376 shares during the period. Harbor Investment Advisory LLC’s holdings in Honeywell International were worth $2,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. LGT Group Foundation purchased a new stake in shares of Honeywell International during the 1st quarter worth $26,000. Scarborough Advisors LLC purchased a new position in Honeywell International in the fourth quarter worth $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth $39,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. 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 dropped their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.13.

Honeywell International Price Performance

Honeywell International stock traded up $0.90 during trading on Friday, reaching $203.78. The company had a trading volume of 1,643,484 shares, compared to its average volume of 2,802,626. 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 firm’s 50-day simple moving average is $202.78 and its 200 day simple moving average is $203.85. The firm has a market capitalization of $132.70 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.23 EPS. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal 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 given a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.22%. The ex-dividend date 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.