Ellsworth Advisors LLC Has $2.01 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Ellsworth Advisors LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,727 shares of the conglomerate’s stock after buying an additional 184 shares during the period. Ellsworth Advisors LLC’s holdings in Honeywell International were worth $2,011,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. LGT Group Foundation acquired a new stake in shares of Honeywell International in the 1st quarter valued at $26,000. Richardson Capital Management LLC acquired a new position in Honeywell International in the first quarter valued at about $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth approximately $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the first quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Honeywell International in the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $219.55 on Friday. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. 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 stock has a market capitalization of $142.97 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.45 and a beta of 1.03. The firm has a fifty day moving average of $205.05 and a two-hundred day moving average of $204.62.

Honeywell International (NASDAQ:HON) last released its 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 return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the firm posted $2.23 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that Honeywell International Inc. will post 10.1 EPS for the current 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 issued a dividend of $1.13 per share. 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 2.06%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.38%.

Analysts Set New Price Targets

Several equities analysts have issued reports on HON shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company reduced their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Finally, JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $235.00 in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $223.56.

Honeywell International Company 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.