Arkadios Wealth Advisors Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Arkadios Wealth Advisors cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,331 shares of the conglomerate’s stock after selling 829 shares during the quarter. Arkadios Wealth Advisors’ holdings in Honeywell International were worth $1,309,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. LVW Advisors LLC grew its holdings in Honeywell International by 5.7% during the 1st quarter. LVW Advisors LLC now owns 1,572 shares of the conglomerate’s stock worth $323,000 after acquiring an additional 85 shares in the last quarter. BKM Wealth Management LLC increased its holdings in Honeywell International by 33.6% in the first quarter. BKM Wealth Management LLC now owns 2,495 shares of the conglomerate’s stock valued at $512,000 after buying an additional 628 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in Honeywell International by 11.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,518 shares of the conglomerate’s stock valued at $312,000 after buying an additional 156 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Honeywell International by 12.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,774 shares of the conglomerate’s stock worth $33,409,000 after buying an additional 18,300 shares during the last quarter. Finally, Iams Wealth Management LLC grew its position in shares of Honeywell International by 5.5% in the 1st quarter. Iams Wealth Management LLC now owns 8,983 shares of the conglomerate’s stock worth $1,775,000 after acquiring an additional 466 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HON. Barclays dropped their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank of Canada reduced their price target on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a research report on Friday. Citigroup cut their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday. Finally, 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 research report on Thursday. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Trading Down 0.5 %

NASDAQ:HON opened at $208.00 on Monday. The stock has a market cap of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $222.98. The business has a fifty day moving average of $207.39 and a 200-day moving average of $205.51.

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

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is 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.