Cornell Pochily Investment Advisors Inc. Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Cornell Pochily Investment Advisors Inc. grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,088 shares of the conglomerate’s stock after buying an additional 216 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Honeywell International were worth $845,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HON. LGT Group Foundation purchased a new position in Honeywell International in the 1st quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $27,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter worth $35,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in Honeywell International during the first quarter worth about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. JPMorgan Chase & Co. cut Honeywell International from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $225.00 to $235.00 in a research report on Thursday, October 10th. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $223.56.

Honeywell International Stock Performance

NASDAQ:HON opened at $217.60 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $141.70 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The firm has a 50-day moving average price of $203.87 and a two-hundred day moving average price of $204.32. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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 business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the company posted $2.23 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.08%. 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.