Procyon Advisors LLC Has $2.78 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Procyon Advisors LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,425 shares of the conglomerate’s stock after purchasing an additional 91 shares during the period. Procyon Advisors LLC’s holdings in Honeywell International were worth $2,776,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Raleigh Capital Management Inc. raised its position in shares of Honeywell International by 38.9% in the 4th quarter. Raleigh Capital Management Inc. now owns 357 shares of the conglomerate’s stock worth $75,000 after acquiring an additional 100 shares in the last quarter. Centaurus Financial Inc. boosted its stake in Honeywell International by 10.6% during the 4th quarter. Centaurus Financial Inc. now owns 5,160 shares of the conglomerate’s stock valued at $1,082,000 after purchasing an additional 493 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Honeywell International during the 4th quarter valued at about $27,000. Creekmur Asset Management LLC acquired a new position in Honeywell International during the 4th quarter valued at about $55,000. Finally, Fortis Group Advisors LLC boosted its stake in Honeywell International by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 230 shares of the conglomerate’s stock valued at $48,000 after purchasing an additional 115 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $235.00 in a research note on Thursday. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International Stock Up 0.1 %

Shares of NASDAQ:HON opened at $216.10 on Monday. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The firm has a fifty day moving average of $203.51 and a 200 day moving average of $204.24. The firm has a market capitalization of $140.72 billion, a PE ratio of 25.03, a price-to-earnings-growth 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 (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the business earned $2.23 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate 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. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. 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 2.09%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is currently 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.