Dover Advisors LLC Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Dover Advisors LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,063 shares of the conglomerate’s stock after acquiring an additional 329 shares during the quarter. Honeywell International accounts for about 1.3% of Dover Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Dover Advisors LLC’s holdings in Honeywell International were worth $2,287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HON. Cypress Wealth Services LLC raised its holdings in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares in the last quarter. Bard Financial Services Inc. lifted its holdings in shares of Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after acquiring an additional 50 shares during the last quarter. ZRC Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 50 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Honeywell International by 3.0% during the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after purchasing an additional 51 shares during the last quarter. Finally, Lansing Street Advisors increased its position in Honeywell International by 5.0% during the 2nd quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.2 %

HON traded down $0.33 during midday trading on Tuesday, hitting $217.27. The company had a trading volume of 3,948,378 shares, compared to its average volume of 2,832,592. The company has a market capitalization of $141.48 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.45 and a beta of 1.03. The stock’s 50 day moving average price is $203.87 and its 200 day moving average price is $204.32. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. 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 quarterly 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 for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the company earned $2.23 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate 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 issued a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Analysts Set New Price Targets

A number of research analysts have recently commented on HON shares. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note 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 target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Wells Fargo & Company decreased their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $235.00 in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $223.56.

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.