Clarus Group Inc. Sells 1,102 Shares of Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

Clarus Group Inc. trimmed its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 36.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,941 shares of the conglomerate’s stock after selling 1,102 shares during the quarter. Clarus Group Inc.’s holdings in Honeywell International were worth $401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Assets Advisory LLC acquired a new stake in Honeywell International during the first quarter worth approximately $19,374,000. CGN Advisors LLC increased its holdings in shares of Honeywell International by 8.2% during the first quarter. CGN Advisors LLC now owns 1,817 shares of the conglomerate’s stock worth $373,000 after purchasing an additional 138 shares during the period. Strategic Planning Group LLC increased its stake in Honeywell International by 16.8% in the first quarter. Strategic Planning Group LLC now owns 12,730 shares of the conglomerate’s stock valued at $2,613,000 after acquiring an additional 1,830 shares during the last quarter. Jacobs & Co. CA increased its stake in Honeywell International by 2.1% in the first quarter. Jacobs & Co. CA now owns 61,874 shares of the conglomerate’s stock valued at $12,699,000 after acquiring an additional 1,249 shares during the last quarter. Finally, Riverview Trust Co bought a new position in Honeywell International in the first quarter valued at approximately $141,000. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on HON

Honeywell International Stock Down 0.5 %

Shares of NASDAQ HON traded down $1.11 during trading on Monday, hitting $220.91. 922,676 shares of the company traded hands, compared to its average volume of 2,830,228. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The business’s fifty day moving average is $205.53 and its 200 day moving average is $204.83. The firm has a market capitalization of $143.85 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $222.98.

Honeywell International (NASDAQ:HON – Get Free Report) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping 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 company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the previous year, the firm posted $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts predict that Honeywell International Inc. will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid 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 dividend yield of 2.05%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

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.

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