Dynamic Advisor Solutions LLC Purchases 95 Shares of Honeywell International Inc. (NASDAQ:HON)

Dynamic Advisor Solutions LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,709 shares of the conglomerate’s stock after buying an additional 95 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Honeywell International were worth $5,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LGT Group Foundation acquired a new position in Honeywell International during the first quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the 4th quarter valued at $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International during the 1st quarter worth $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the first quarter valued at about $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Honeywell International Price Performance

HON stock opened at $207.00 on Wednesday. The company has a market capitalization of $134.80 billion, a P/E ratio of 23.99, a PEG ratio of 2.32 and a beta of 1.03. The company has a fifty day moving average price of $202.82 and a 200-day moving average price of $203.92. 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 Inc. has a 52-week low of $174.88 and a 52-week high of $220.79.

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 return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the company earned $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Honeywell International Inc. will post 10.11 EPS for the current 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 given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 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.