Seamount Financial Group Inc. Buys Shares of 2,388 Honeywell International Inc. (NASDAQ:HON)

Seamount Financial Group Inc. purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,388 shares of the conglomerate’s stock, valued at approximately $494,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cypress Wealth Services LLC increased its position in Honeywell International by 2.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 47 shares during the period. Bard Financial Services Inc. increased its holdings in Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after purchasing an additional 50 shares during the period. ZRC Wealth Management LLC raised its position in Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock worth $99,000 after purchasing an additional 50 shares during the last quarter. CFM Wealth Partners LLC lifted its holdings in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after buying an additional 50 shares during the period. Finally, Quent Capital LLC grew its position in shares of Honeywell International by 3.0% in the 2nd quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $222.02 on Friday. The stock has a 50-day moving average of $205.53 and a 200-day moving average of $204.79. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.07. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market cap of $144.58 billion, a PE ratio of 25.73, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the firm posted $2.23 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Analysts Set New Price Targets

Several analysts recently commented on HON shares. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. JPMorgan Chase & Co. cut shares of 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 report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.