Evermay Wealth Management LLC Has $539,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Evermay Wealth Management LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 12.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,606 shares of the conglomerate’s stock after selling 368 shares during the period. Evermay Wealth Management LLC’s holdings in Honeywell International were worth $539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HON. EP Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares during the period. Jupiter Asset Management Ltd. bought a new position in Honeywell International during the 1st quarter worth about $1,398,000. Koshinski Asset Management Inc. raised its stake in shares of Honeywell International by 237.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after purchasing an additional 3,970 shares during the period. Burke & Herbert Bank & Trust Co. lifted its holdings in shares of Honeywell International by 167.2% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock valued at $1,600,000 after purchasing an additional 4,687 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of Honeywell International by 30.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 18,436 shares of the conglomerate’s stock worth $3,937,000 after buying an additional 4,296 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Monday. 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 for the company. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company raised their price objective on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.38 on Wednesday, hitting $206.36. The stock had a trading volume of 772,576 shares, compared to its average volume of 2,928,408. The stock has a market cap of $134.38 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a twelve month low of $179.18 and a twelve month high of $222.98. The business’s 50 day moving average is $207.65 and its two-hundred day moving average is $205.65.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend yield of 2.19%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) 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.