PFG Advisors Sells 452 Shares of Honeywell International Inc. (NASDAQ:HON)

PFG Advisors trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,424 shares of the conglomerate’s stock after selling 452 shares during the period. PFG Advisors’ holdings in Honeywell International were worth $2,982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HON. LGT Group Foundation acquired a new position in Honeywell International during the 1st quarter valued at about $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International during the 4th quarter valued at about $27,000. Richardson Capital Management LLC acquired a new position in Honeywell International during the 1st quarter valued at about $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the 2nd quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International during the 1st quarter valued at about $39,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 0.8 %

NASDAQ:HON opened at $218.96 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $142.58 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The firm’s 50 day moving average is $204.66 and its 200 day moving average is $204.51. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company 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%. Honeywell International’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 EPS. Sell-side analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.06%. Honeywell International’s payout ratio is presently 52.38%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HON shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. JPMorgan Chase & Co. downgraded 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 note on Thursday, October 10th. Wells Fargo & Company cut their target price on 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. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus 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.