Wealth Alliance Advisory Group LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

Wealth Alliance Advisory Group LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,884 shares of the conglomerate’s stock after purchasing an additional 248 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Honeywell International were worth $1,010,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Cypress Wealth Services LLC increased its holdings in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares during the last quarter. Bard Financial Services Inc. increased its stake in Honeywell International by 0.3% during the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after acquiring an additional 50 shares during the last quarter. ZRC Wealth Management LLC raised its position in Honeywell International by 11.6% in the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares during the period. CFM Wealth Partners LLC lifted its stake in shares of Honeywell International by 4.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock valued at $264,000 after purchasing an additional 50 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Honeywell International by 3.0% during the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 51 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

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

Honeywell International Price Performance

Shares of NASDAQ HON opened at $222.02 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market cap of $144.58 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The stock’s 50-day moving average is $205.53 and its two-hundred day moving average is $204.79. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $222.07.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the firm earned $2.23 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced 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 of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is presently 52.38%.

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.