Braun Stacey Associates Inc. Has $13.43 Million Holdings in Honeywell International Inc. (HON)

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Braun Stacey Associates Inc. cut its holdings in Honeywell International Inc. (NYSE:HON) by 1.5% in the 3rd quarter, Holdings Channel reports. The fund owned 80,684 shares of the conglomerate’s stock after selling 1,209 shares during the period. Braun Stacey Associates Inc.’s holdings in Honeywell International were worth $13,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Weatherly Asset Management L. P. grew its stake in shares of Honeywell International by 3.9% during the 2nd quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock valued at $1,231,000 after buying an additional 323 shares during the period. Parthenon LLC grew its stake in shares of Honeywell International by 16.0% during the 2nd quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock valued at $345,000 after buying an additional 330 shares during the period. Bank of The Ozarks grew its stake in shares of Honeywell International by 3.1% during the 2nd quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock valued at $1,603,000 after buying an additional 334 shares during the period. Cardinal Capital Management Inc. grew its stake in shares of Honeywell International by 0.3% during the 3rd quarter. Cardinal Capital Management Inc. now owns 114,366 shares of the conglomerate’s stock valued at $19,031,000 after buying an additional 335 shares during the period. Finally, Thompson Davis & CO. Inc. grew its stake in shares of Honeywell International by 40.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock valued at $172,000 after buying an additional 345 shares during the period. Institutional investors own 75.05% of the company’s stock.

Shares of Honeywell International stock opened at $142.96 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20. Honeywell International Inc. has a twelve month low of $139.30 and a twelve month high of $167.72. The firm has a market cap of $108.11 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The firm had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same period in the prior year, the company earned $1.75 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Honeywell International Inc. will post 7.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.29%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 15th. Honeywell International’s dividend payout ratio is 41.91%.

Several analysts have recently issued reports on HON shares. MED started coverage on shares of Honeywell International in a research note on Thursday, July 12th. They set a “buy” rating and a $166.00 price objective for the company. Deutsche Bank set a $166.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note on Thursday, July 12th. Barclays boosted their price objective on shares of Honeywell International from $172.00 to $176.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. Finally, Citigroup boosted their price objective on shares of Honeywell International from $191.00 to $196.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $172.90.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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