Stratos Wealth Advisors LLC Sells 53 Shares of Honeywell International Inc. (NASDAQ:HON)

Stratos Wealth Advisors LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,815 shares of the conglomerate’s stock after selling 53 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Honeywell International were worth $995,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. LGT Group Foundation acquired a new stake in Honeywell International in the 1st quarter worth approximately $26,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the 1st quarter worth approximately $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the 2nd quarter worth approximately $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the 1st quarter worth approximately $39,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Honeywell International in the 1st quarter worth approximately $42,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HON shares. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Wells Fargo & Company cut their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. lowered Honeywell International from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $223.56.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $222.02 on Monday. The business has a fifty day simple moving average of $205.53 and a 200 day simple moving average of $204.83. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $144.58 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.07.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the company posted $2.23 earnings per share. Honeywell International’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts expect that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The business also recently declared 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 2.04%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date 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.