DT Investment Partners LLC Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

DT Investment Partners LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,887 shares of the conglomerate’s stock after buying an additional 147 shares during the period. DT Investment Partners LLC’s holdings in Honeywell International were worth $2,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Cypress Wealth Services LLC grew its stake 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 valued at $417,000 after purchasing an additional 47 shares during the period. Bard Financial Services Inc. grew its position in Honeywell International by 0.3% during the second 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 during the period. ZRC Wealth Management LLC increased its holdings in Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares during the last quarter. CFM Wealth Partners LLC raised its position in Honeywell International by 4.0% in the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after acquiring an additional 50 shares during the period. Finally, Quent Capital LLC boosted its stake 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 worth $379,000 after acquiring an additional 51 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON stock opened at $209.10 on Friday. The company has a market capitalization of $136.16 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company’s fifty day moving average price is $206.99 and its 200-day moving average price is $205.30. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.23 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. This is an increase 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 2.16%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is currently 52.38%.

Analysts Set New Price Targets

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 report on Thursday, September 26th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Bank of America reiterated a “neutral” rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $224.20.

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.