Lake Street Private Wealth LLC Has $1.77 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Lake Street Private Wealth LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.5% in the third quarter, HoldingsChannel.com reports. The firm owned 8,571 shares of the conglomerate’s stock after selling 1,001 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Honeywell International were worth $1,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $26,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International in the 1st quarter worth $39,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of Honeywell International in the 1st quarter worth $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

Honeywell International Stock Performance

HON traded down $0.65 during trading hours on Wednesday, hitting $221.70. The stock had a trading volume of 1,589,236 shares, compared to its average volume of 2,841,764. The stock has a market cap of $144.37 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $222.98. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company’s fifty day simple moving average is $206.54 and its 200 day simple moving average is $205.19.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.23 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) 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.