Spectrum Asset Management Inc. NB CA Sells 144 Shares of Honeywell International Inc. (NASDAQ:HON)

Spectrum Asset Management Inc. NB CA reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,428 shares of the conglomerate’s stock after selling 144 shares during the quarter. Honeywell International makes up 2.0% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 16th largest holding. Spectrum Asset Management Inc. NB CA’s holdings in Honeywell International were worth $4,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in Honeywell International by 26.4% during the first quarter. Sound Income Strategies LLC now owns 824 shares of the conglomerate’s stock worth $169,000 after acquiring an additional 172 shares during the period. Brookstone Capital Management increased its position in Honeywell International by 2.8% in the first quarter. Brookstone Capital Management now owns 45,998 shares of the conglomerate’s stock worth $9,441,000 after buying an additional 1,246 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Honeywell International in the first quarter valued at $101,000. Sovereign Financial Group Inc. increased its holdings in Honeywell International by 11.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,838 shares of the conglomerate’s stock worth $377,000 after acquiring an additional 188 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in Honeywell International by 351.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,952 shares of the conglomerate’s stock valued at $2,248,000 after acquiring an additional 8,527 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $220.34 on Thursday. The company has a market capitalization of $143.48 billion, a PE ratio of 25.53, a PEG ratio of 2.45 and a beta of 1.03. The business has a fifty day moving average price of $206.99 and a 200-day moving average price of $205.30. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $222.98. 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 (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating 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 company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the firm earned $2.23 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change 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 2.05%. Honeywell International’s payout ratio is currently 52.38%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HON. Royal Bank of Canada reiterated 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 report on Friday, August 30th. Wells Fargo & Company cut 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 report on Monday, October 7th. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $235.00 in a research report on Thursday, October 10th. Finally, 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 objective for the company. Seven investment 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.com, Honeywell International 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.