Griffin Asset Management Inc. Has $10.26 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Griffin Asset Management Inc. trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 0.3% in the third quarter, Holdings Channel.com reports. The firm owned 49,628 shares of the conglomerate’s stock after selling 132 shares during the period. Honeywell International comprises approximately 1.1% of Griffin Asset Management Inc.’s portfolio, making the stock its 26th largest holding. Griffin Asset Management Inc.’s holdings in Honeywell International were worth $10,259,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at about $27,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at about $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International during the first quarter valued at approximately $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HON shares. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $225.00 to $235.00 in a research report on Thursday, October 10th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Wells Fargo & Company decreased their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $223.56.

Honeywell International Trading Down 0.2 %

NASDAQ:HON opened at $217.27 on Wednesday. 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 $174.88 and a twelve month high of $220.79. The company has a market cap of $141.48 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The business has a 50 day moving average price of $204.24 and a two-hundred day moving average price of $204.41.

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

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend 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.