Calton & Associates Inc. Raises Position in Honeywell International Inc. (NASDAQ:HON)

Calton & Associates Inc. increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 22.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,839 shares of the conglomerate’s stock after purchasing an additional 335 shares during the quarter. Calton & Associates Inc.’s holdings in Honeywell International were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HON. LGT Group Foundation purchased a new position in shares of Honeywell International in the first quarter valued at about $26,000. Richardson Capital Management LLC purchased a new position in shares of Honeywell International in the first quarter valued at about $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the second quarter valued at about $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International in the first quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Honeywell International in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Honeywell International Stock Up 0.4 %

HON opened at $222.35 on Wednesday. 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 50 day moving average price of $206.54 and a 200-day moving average price of $205.19. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98. The stock has a market capitalization of $144.79 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the company earned $2.23 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current 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 2.03%. The ex-dividend date 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.