Harbour Capital Advisors LLC Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Harbour Capital Advisors LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,560 shares of the conglomerate’s stock after selling 231 shares during the quarter. Honeywell International comprises about 1.4% of Harbour Capital Advisors LLC’s holdings, making the stock its 15th biggest holding. Harbour Capital Advisors LLC’s holdings in Honeywell International were worth $6,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HON. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter worth $26,000. Richardson Capital Management LLC purchased a new stake in Honeywell International during the first quarter valued at about $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter worth about $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Honeywell International during the 1st quarter valued at about $42,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on HON. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price target for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $223.56.

Honeywell International Stock Up 0.3 %

Shares of Honeywell International stock opened at $219.55 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The company has a market cap of $142.97 billion, a P/E ratio of 25.44, a PEG ratio of 2.45 and a beta of 1.03. The company’s fifty day simple moving average is $205.05 and its two-hundred day simple moving average is $204.62.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $2.23 earnings per share. Research analysts anticipate 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. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.06%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 52.38%.

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.