Osher Van de Voorde Investment Management Buys 120 Shares of Honeywell International Inc. (NASDAQ:HON)

Osher Van de Voorde Investment Management boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,640 shares of the conglomerate’s stock after purchasing an additional 120 shares during the quarter. Honeywell International comprises about 3.6% of Osher Van de Voorde Investment Management’s investment portfolio, making the stock its 20th largest holding. Osher Van de Voorde Investment Management’s holdings in Honeywell International were worth $16,669,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cypress Wealth Services LLC lifted its stake in shares of Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after purchasing an additional 47 shares during the period. Bard Financial Services Inc. increased its position in Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after buying an additional 50 shares in the last quarter. ZRC Wealth Management LLC increased its position in Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares in the last quarter. Quent Capital LLC increased its position in Honeywell International by 3.0% in the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after buying an additional 51 shares in the last quarter. Finally, Lansing Street Advisors increased its position in Honeywell International by 5.0% in the 2nd quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock valued at $230,000 after buying an additional 51 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HON. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on 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 assigned a buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $222.13.

Honeywell International Price Performance

Honeywell International stock opened at $207.00 on Wednesday. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month 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 business’s 50 day simple moving average is $202.90 and its 200 day simple moving average is $203.97. The company has a market cap of $134.80 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the prior year, the business earned $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.18%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

About Honeywell International

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.