Accurate Wealth Management LLC Acquires 114 Shares of Honeywell International Inc. (NASDAQ:HON)

Accurate Wealth Management LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,863 shares of the conglomerate’s stock after acquiring an additional 114 shares during the quarter. Accurate Wealth Management LLC’s holdings in Honeywell International were worth $840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LGT Group Foundation bought a new stake in Honeywell International during the 1st quarter valued at approximately $26,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the first quarter worth $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in Honeywell International during the first quarter valued at $42,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

Honeywell International Stock Performance

HON stock opened at $222.02 on Friday. The stock’s 50 day simple moving average is $205.53 and its 200 day simple moving average is $204.79. 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 $222.07. The stock has a market capitalization of $144.58 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $9.41 billion. During the same period in the prior year, the company posted $2.23 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Honeywell International Inc. will post 10.1 earnings per share 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 2.04%. Honeywell International’s payout ratio is currently 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.