First National Corp MA ADV Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

First National Corp MA ADV trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,340 shares of the conglomerate’s stock after selling 157 shares during the period. First National Corp MA ADV’s holdings in Honeywell International were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Connective Portfolio Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at about $4,140,000. Howard Financial Services LTD. lifted its position in Honeywell International by 8.9% during the third quarter. Howard Financial Services LTD. now owns 1,318 shares of the conglomerate’s stock valued at $272,000 after purchasing an additional 108 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in 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 purchasing an additional 1,309 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at $103,000. Finally, Sage Capital Advisors llc grew its holdings in shares of Honeywell International by 0.6% in the third quarter. Sage Capital Advisors llc now owns 18,485 shares of the conglomerate’s stock worth $3,821,000 after acquiring an additional 105 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

HON traded up $3.58 during trading on Wednesday, hitting $210.58. 545,755 shares of the company traded hands, compared to its average volume of 2,792,737. The company has a market cap of $137.13 billion, a PE ratio of 23.99, a P/E/G 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. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock’s 50-day simple moving average is $202.90 and its two-hundred day simple moving average is $203.97.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the company earned $2.23 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.15%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company decreased their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.