MCF Advisors LLC Cuts Position in Honeywell International Inc. (NASDAQ:HON)

MCF Advisors LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,144 shares of the conglomerate’s stock after selling 57 shares during the quarter. MCF Advisors LLC’s holdings in Honeywell International were worth $443,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on HON shares. Citigroup reduced their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday. Barclays lowered their price target on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday. Wells Fargo & Company raised their price target on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday. Royal Bank of Canada reduced their target price on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $223.00 to $217.00 in a research report on Friday. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $223.73.

Honeywell International Trading Down 0.5 %

Shares of HON traded down $1.10 during mid-day trading on Friday, reaching $208.00. The company’s stock had a trading volume of 6,088,157 shares, compared to its average volume of 2,908,814. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.98. The company’s fifty day moving average price is $207.39 and its two-hundred day moving average price is $205.39. The stock has a market cap of $135.45 billion, a PE ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.08. The business had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. On average, analysts predict that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared 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 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 yield of 2.17%. The ex-dividend date of this dividend 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.