FineMark National Bank & Trust Lowers Holdings in Honeywell International Inc. (HON)

FineMark National Bank & Trust lowered its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,331 shares of the conglomerate’s stock after selling 3,636 shares during the quarter. Honeywell International accounts for about 1.0% of FineMark National Bank & Trust’s portfolio, making the stock its 16th largest position. FineMark National Bank & Trust’s holdings in Honeywell International were worth $16,695,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc lifted its position in Honeywell International by 4.1% during the third quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock valued at $1,577,000 after purchasing an additional 375 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in Honeywell International by 4.7% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock valued at $20,197,000 after purchasing an additional 6,316 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Honeywell International by 7,972.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock valued at $889,000 after purchasing an additional 22,561 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Honeywell International by 62.8% during the second quarter. Perigon Wealth Management LLC now owns 13,558 shares of the conglomerate’s stock valued at $1,953,000 after purchasing an additional 5,228 shares during the last quarter. Finally, New England Asset Management Inc. lifted its position in Honeywell International by 467.0% during the second quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock valued at $470,000 after purchasing an additional 2,685 shares during the last quarter. Institutional investors and hedge funds own 71.42% of the company’s stock.

Several equities analysts have commented on HON shares. Citigroup increased 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 report on Monday, July 23rd. JPMorgan Chase & Co. increased 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 report on Monday, July 23rd. Barclays increased 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 report on Monday, July 23rd. UBS Group increased their price objective on shares of Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Cowen restated a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $172.90.

Honeywell International stock opened at $150.32 on Friday. The stock has a market capitalization of $109.90 billion, a PE ratio of 21.14, a PEG ratio of 1.90 and a beta of 1.04. 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 12-month low of $139.30 and a 12-month high of $167.72.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.

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Honeywell International Company 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.

See Also: Outstanding Shares

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

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