Searle & CO. Sells 668 Shares of Honeywell International Inc. (NASDAQ:HON)

Searle & CO. trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 3.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 21,562 shares of the conglomerate’s stock after selling 668 shares during the period. Honeywell International comprises about 1.1% of Searle & CO.’s investment portfolio, making the stock its 22nd biggest position. Searle & CO.’s holdings in Honeywell International were worth $4,457,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. LGT Group Foundation bought a new position in Honeywell International in the 1st quarter worth $26,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at approximately $35,000. Financial Connections Group Inc. purchased a new stake in Honeywell International in the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International during the first quarter valued at approximately $39,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of Honeywell International in the first quarter worth approximately $42,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 0.3 %

Shares of HON traded down $0.63 during midday trading on Wednesday, hitting $221.72. The stock had a trading volume of 1,656,072 shares, compared to its average volume of 2,842,972. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $222.98. The firm has a market cap of $144.38 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The stock’s 50 day moving average is $206.54 and its 200 day moving average is $205.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating 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 company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the business posted $2.23 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued 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 2.04%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is presently 52.38%.

Wall Street Analysts Forecast Growth

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

Honeywell International 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.