Quadrant Private Wealth Management LLC Grows Position in Honeywell International Inc. (HON)

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Quadrant Private Wealth Management LLC increased its holdings in Honeywell International Inc. (NYSE:HON) by 22.7% in the third quarter, HoldingsChannel.com reports. The fund owned 2,608 shares of the conglomerate’s stock after purchasing an additional 482 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Honeywell International were worth $434,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Weatherly Asset Management L. P. increased its holdings in shares of Honeywell International by 3.9% during the second quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock valued at $1,231,000 after acquiring an additional 323 shares in the last quarter. Parthenon LLC increased its holdings in shares of Honeywell International by 16.0% during the second quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock valued at $345,000 after acquiring an additional 330 shares in the last quarter. Bank of The Ozarks increased its holdings in shares of Honeywell International by 3.1% during the second quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock valued at $1,603,000 after acquiring an additional 334 shares in the last quarter. Cardinal Capital Management Inc. increased its holdings in Honeywell International by 0.3% in the 3rd quarter. Cardinal Capital Management Inc. now owns 114,366 shares of the conglomerate’s stock worth $19,031,000 after buying an additional 335 shares during the period. Finally, Thompson Davis & CO. Inc. increased its holdings in Honeywell International by 40.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock worth $172,000 after buying an additional 345 shares during the period. 71.58% of the stock is owned by institutional investors.

HON has been the topic of several research reports. Gordon Haskett initiated coverage on shares of Honeywell International in a report on Friday, October 12th. They issued a “buy” rating on the stock. Morgan Stanley set a $170.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a report on Monday, October 22nd. Credit Suisse Group cut their price target on shares of Honeywell International from $165.00 to $158.00 and set a “neutral” rating on the stock in a report on Tuesday, October 30th. Oppenheimer increased their price target on shares of Honeywell International from $172.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, September 26th. Finally, Cowen reiterated a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a report on Friday, August 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average target price of $172.90.

Shares of NYSE:HON opened at $147.68 on Wednesday. Honeywell International Inc. has a 1 year low of $139.30 and a 1 year high of $167.72. The company has a market cap of $109.66 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.89 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be given a dividend of $0.82 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.22%. Honeywell International’s dividend payout ratio (DPR) is 41.91%.

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Honeywell International Profile

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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