TFG Advisers LLC Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

TFG Advisers LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,475 shares of the conglomerate’s stock after selling 215 shares during the quarter. TFG Advisers LLC’s holdings in Honeywell International were worth $925,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Greenleaf Trust increased its holdings in Honeywell International by 1.4% in the third quarter. Greenleaf Trust now owns 116,429 shares of the conglomerate’s stock valued at $24,067,000 after buying an additional 1,579 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Honeywell International by 2.5% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 202,217 shares of the conglomerate’s stock valued at $41,800,000 after acquiring an additional 4,863 shares in the last quarter. Meadow Creek Wealth Advisors LLC boosted its stake in Honeywell International by 16.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 2,755 shares of the conglomerate’s stock valued at $569,000 after acquiring an additional 385 shares in the last quarter. GAM Holding AG boosted its stake in Honeywell International by 8.1% in the third quarter. GAM Holding AG now owns 15,323 shares of the conglomerate’s stock valued at $3,168,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its stake in Honeywell International by 0.9% in the third quarter. Community Trust & Investment Co. now owns 101,503 shares of the conglomerate’s stock valued at $20,982,000 after acquiring an additional 922 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON traded down $0.06 during mid-day trading on Wednesday, reaching $222.29. The stock had a trading volume of 309,120 shares, compared to its average volume of 2,836,401. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a market capitalization of $144.75 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98. The business has a 50 day simple moving average of $206.54 and a 200 day simple moving average of $205.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 earnings per share. On average, analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Wells Fargo & Company decreased their price objective on shares of 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. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock 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.