Elwood & Goetz Wealth Advisory Group LLC Takes $217,000 Position in Honeywell International Inc. (NASDAQ:HON)

by · The Markets Daily

Elwood & Goetz Wealth Advisory Group LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,051 shares of the conglomerate’s stock, valued at approximately $217,000.

Other hedge funds have also recently made changes to their positions in the company. EP Wealth Advisors LLC grew its holdings in shares of Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares in the last quarter. Trilogy Capital Inc. increased its holdings in shares of Honeywell International by 125.7% in the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after buying an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Honeywell International during the 1st quarter worth $1,398,000. Koshinski Asset Management Inc. grew its position in Honeywell International by 237.3% in the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock worth $1,158,000 after acquiring an additional 3,970 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. increased its stake in Honeywell International by 167.2% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock valued at $1,600,000 after acquiring an additional 4,687 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.5 %

HON stock opened at $208.00 on Friday. The business has a 50 day moving average of $207.39 and a 200 day moving average of $205.39. 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 firm has a market cap of $135.45 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98.

Honeywell International (NASDAQ:HON – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. The firm 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, research analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is a boost 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%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HON. Morgan Stanley began coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Barclays dropped their price objective on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday. Bank of America reiterated a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a report on Thursday. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $223.73.

Get Our Latest Report on Honeywell International

Honeywell International Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON – Free Report).