Armstrong Advisory Group Inc. Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Armstrong Advisory Group Inc. reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,284 shares of the conglomerate’s stock after selling 119 shares during the period. Armstrong Advisory Group Inc.’s holdings in Honeywell International were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Capital Wealth Planning LLC acquired a new stake in shares of Honeywell International in the 2nd quarter worth $392,478,000. Price T Rowe Associates Inc. MD grew its stake in shares of Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock valued at $1,967,880,000 after buying an additional 1,746,759 shares during the period. Natixis increased its holdings in shares of Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after buying an additional 544,175 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Honeywell International by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after acquiring an additional 310,807 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on HON. Wells Fargo & Company reduced 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 report on Monday, October 7th. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $225.00 to $235.00 in a research note on Thursday. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $223.56.

Honeywell International Stock Up 1.1 %

HON stock opened at $215.99 on Monday. 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 company’s 50-day moving average price is $203.51 and its 200 day moving average price is $204.24. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a market cap of $140.65 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 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 business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the firm earned $2.23 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts expect that Honeywell International Inc. will post 10.1 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. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 2.09%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s 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.