Ritholtz Wealth Management Sells 6,907 Shares of Honeywell International Inc. (NASDAQ:HON)

Ritholtz Wealth Management lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 21.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,528 shares of the conglomerate's stock after selling 6,907 shares during the period. Ritholtz Wealth Management's holdings in Honeywell International were worth $5,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HON. Capital Wealth Planning LLC bought a new stake in shares of Honeywell International during the second quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD increased its position in Honeywell International by 22.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate's stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares during the last quarter. Natixis increased its position in Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate's stock worth $172,146,000 after purchasing an additional 544,175 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate's stock worth $630,086,000 after purchasing an additional 325,272 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate's stock worth $1,786,449,000 after purchasing an additional 310,807 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 1.1 %

Shares of NASDAQ HON traded up $2.39 during mid-day trading on Friday, reaching $215.99. The company had a trading volume of 3,809,522 shares, compared to its average volume of 2,831,241. The business's 50-day moving average is $203.51 and its 200-day moving average is $204.22. 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 stock has a market cap of $140.65 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79.

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

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.09%. This is a boost from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International's dividend payout ratio is presently 52.38%.

Wall Street Analyst Weigh In

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

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.