Honeywell International Inc. (NASDAQ:HON) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,662 shares of the conglomerate’s stock after acquiring an additional 1,165 shares during the period. Honeywell International comprises approximately 0.9% of Daymark Wealth Partners LLC’s holdings, making the stock its 23rd largest holding. Daymark Wealth Partners LLC’s holdings in Honeywell International were worth $27,216,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Saxon Interests Inc. grew its holdings in shares of Honeywell International by 7.4% during the third quarter. Saxon Interests Inc. now owns 1,353 shares of the conglomerate’s stock valued at $280,000 after purchasing an additional 93 shares during the last quarter. Connective Portfolio Management LLC acquired a new position in Honeywell International during the 3rd quarter valued at approximately $4,140,000. Howard Financial Services LTD. grew its stake in Honeywell International by 8.9% during the 3rd quarter. Howard Financial Services LTD. now owns 1,318 shares of the conglomerate’s stock worth $272,000 after buying an additional 108 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Honeywell International by 29.5% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,749 shares of the conglomerate’s stock worth $1,189,000 after acquiring an additional 1,309 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Honeywell International in the third quarter valued at approximately $103,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 1.6 %

NASDAQ:HON traded up $3.40 during trading hours on Wednesday, hitting $210.40. 841,742 shares of the company’s stock traded hands, compared to its average volume of 2,794,255. The firm has a market cap of $137.01 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. 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’s fifty day moving average price is $202.90 and its two-hundred day moving average price is $203.97.

Honeywell International (NASDAQ:HON) last released 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. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.23 EPS. On average, research analysts expect 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. Shareholders of record on Friday, November 15th will be paid 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 2.15%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.38%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $222.13.

Honeywell International 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.