NorthCrest Asset Manangement LLC Boosts Position in Honeywell International Inc. (NASDAQ:HON)

NorthCrest Asset Manangement LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,042 shares of the conglomerate’s stock after acquiring an additional 7,033 shares during the period. Honeywell International accounts for 1.0% of NorthCrest Asset Manangement LLC’s holdings, making the stock its 20th biggest holding. NorthCrest Asset Manangement LLC’s holdings in Honeywell International were worth $33,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Grimes & Company Inc. lifted its holdings in Honeywell International by 0.9% during the first quarter. Grimes & Company Inc. now owns 6,539 shares of the conglomerate’s stock worth $1,342,000 after buying an additional 57 shares during the period. Chemung Canal Trust Co. lifted its position in Honeywell International by 3.7% during the first quarter. Chemung Canal Trust Co. now owns 12,215 shares of the conglomerate’s stock valued at $2,507,000 after acquiring an additional 433 shares during the last quarter. Symphony Financial Ltd. Co. boosted its stake in Honeywell International by 3.8% in the first quarter. Symphony Financial Ltd. Co. now owns 3,910 shares of the conglomerate’s stock valued at $803,000 after acquiring an additional 142 shares in the last quarter. Winthrop Advisory Group LLC grew its holdings in Honeywell International by 15.8% in the first quarter. Winthrop Advisory Group LLC now owns 1,889 shares of the conglomerate’s stock worth $388,000 after purchasing an additional 258 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its position in shares of Honeywell International by 15.3% during the first quarter. New Mexico Educational Retirement Board now owns 39,886 shares of the conglomerate’s stock worth $7,761,000 after purchasing an additional 5,300 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.10 during trading hours on Friday, reaching $208.00. The stock had a trading volume of 6,088,157 shares, compared to its average volume of 2,908,814. The stock’s 50 day moving average is $207.39 and its 200 day moving average is $205.39. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98. The firm has a market capitalization of $135.45 billion, a PE ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03.

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

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. 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%. Honeywell International’s dividend payout ratio is currently 52.38%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HON shares. Wells Fargo & Company boosted their target price on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $223.00 to $217.00 in a research report on Friday. Barclays lowered their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $223.73.

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.