Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 16.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,755 shares of the conglomerate’s stock after purchasing an additional 385 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Honeywell International were worth $569,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. LGT Group Foundation acquired a new position in shares of Honeywell International during the first quarter worth $26,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the first quarter valued at $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the first quarter valued at $39,000. Finally, TruNorth Capital Management LLC acquired a new stake in Honeywell International in the second quarter valued at $43,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HON. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. 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 price target on the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Finally, Wells Fargo & Company dropped their target price 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $223.56.

Honeywell International Stock Down 0.5 %

Honeywell International stock opened at $221.15 on Wednesday. The company has a 50-day simple moving average of $206.54 and a 200-day simple moving average of $205.19. The firm has a market capitalization of $144.01 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 earnings per share. As a group, equities analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

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.