Honeywell International Inc. (NASDAQ:HON) Stock Holdings Lessened by Financial Management Network Inc.

Financial Management Network Inc. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 1.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,793 shares of the conglomerate’s stock after selling 58 shares during the quarter. Financial Management Network Inc.’s holdings in Honeywell International were worth $977,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealthcare Advisory Partners LLC grew its holdings in shares of Honeywell International by 351.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 10,952 shares of the conglomerate’s stock valued at $2,248,000 after buying an additional 8,527 shares in the last quarter. Thrive Wealth Management LLC increased its holdings in shares of Honeywell International by 12.4% in the 1st quarter. Thrive Wealth Management LLC now owns 2,101 shares of the conglomerate’s stock valued at $431,000 after purchasing an additional 231 shares during the period. Cypress Wealth Services LLC lifted its position in shares of Honeywell International by 64.9% in the first quarter. Cypress Wealth Services LLC now owns 1,905 shares of the conglomerate’s stock worth $391,000 after purchasing an additional 750 shares in the last quarter. Sawyer & Company Inc boosted its holdings in shares of Honeywell International by 1.9% during the first quarter. Sawyer & Company Inc now owns 19,828 shares of the conglomerate’s stock worth $4,070,000 after purchasing an additional 367 shares during the period. Finally, Kathmere Capital Management LLC grew its position in Honeywell International by 10.6% during the first quarter. Kathmere Capital Management LLC now owns 7,477 shares of the conglomerate’s stock valued at $1,535,000 after purchasing an additional 715 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.1 %

Shares of NASDAQ:HON traded up $0.30 on Friday, reaching $209.40. The company had a trading volume of 854,169 shares, compared to its average volume of 2,883,532. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98. The stock has a 50-day moving average price of $206.99 and a 200 day moving average price of $205.30. The stock has a market capitalization of $136.36 billion, a P/E ratio of 24.23, a P/E/G ratio of 2.45 and a beta of 1.03. 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 (NASDAQ:HON) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. On average, equities analysts expect that Honeywell International Inc. will post 10.1 EPS for the current 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 paid a $1.13 dividend. The ex-dividend date 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 2.16%. Honeywell International’s payout ratio is presently 52.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports 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. Wells Fargo & Company lifted their price objective on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $224.27.

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.