Narwhal Capital Management Has $832,000 Position in Honeywell International Inc. (NASDAQ:HON)

Narwhal Capital Management trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,024 shares of the conglomerate’s stock after selling 327 shares during the quarter. Narwhal Capital Management’s holdings in Honeywell International were worth $832,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. EP Wealth Advisors LLC lifted its holdings in Honeywell International by 4.4% during the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the period. Trilogy Capital Inc. increased its position in Honeywell International by 125.7% during the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after purchasing an additional 1,349 shares during the period. Jupiter Asset Management Ltd. bought a new position in Honeywell International during the 1st quarter worth approximately $1,398,000. Koshinski Asset Management Inc. lifted its position in shares of Honeywell International by 237.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock worth $1,158,000 after purchasing an additional 3,970 shares during the period. Finally, Burke & Herbert Bank & Trust Co. boosted its stake in shares of Honeywell International by 167.2% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock valued at $1,600,000 after purchasing an additional 4,687 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.4 %

NASDAQ:HON opened at $222.35 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The company has a market cap of $144.79 billion, a PE ratio of 25.76, a PEG ratio of 2.45 and a beta of 1.03. The firm has a 50-day moving average of $206.54 and a 200-day moving average of $205.19.

Honeywell International (NASDAQ:HON) last issued 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. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.23 earnings per share. As a group, equities research analysts expect that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.03%. Honeywell International’s payout ratio is 52.38%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $225.00 to $235.00 in a report on Thursday, October 10th. Wells Fargo & Company decreased 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, October 7th. Morgan Stanley started 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. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $223.56.

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.