Bank of New Hampshire Sells 508 Shares of Honeywell International Inc. (NASDAQ:HON)

Bank of New Hampshire decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,593 shares of the conglomerate’s stock after selling 508 shares during the period. Bank of New Hampshire’s holdings in Honeywell International were worth $536,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HON. EP Wealth Advisors LLC boosted its position in Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares in the last quarter. Sanibel Captiva Trust Company Inc. bought a new position in shares of Honeywell International in the 4th quarter worth about $27,230,000. Trilogy Capital Inc. boosted its position in shares of Honeywell International by 125.7% during the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after purchasing an additional 1,349 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Honeywell International during the first quarter worth approximately $1,398,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Honeywell International in the first quarter worth approximately $1,110,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock traded down $0.45 during trading on Monday, reaching $203.33. The company had a trading volume of 1,799,621 shares, compared to its average volume of 2,797,430. The firm’s 50-day simple moving average is $202.78 and its 200 day simple moving average is $203.91. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The firm has a market capitalization of $132.41 billion, a PE ratio of 23.56, 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.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the company posted $2.23 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. 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 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 represents a $4.52 dividend on an annualized basis and a dividend yield of 2.22%. 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. Honeywell International’s dividend payout ratio is presently 52.38%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HON shares. Wells Fargo & Company decreased their target price 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 issued 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 raised their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $222.13.

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.