Grassi Investment Management increased its position in shares of Honeywell International Inc. (NYSE:HON) by 0.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 69,914 shares of the conglomerate’s stock after purchasing an additional 351 shares during the quarter. Honeywell International comprises 1.7% of Grassi Investment Management’s holdings, making the stock its 12th biggest position. Grassi Investment Management’s holdings in Honeywell International were worth $11,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HON. CX Institutional bought a new position in Honeywell International during the second quarter worth about $100,000. Jolley Asset Management LLC bought a new position in Honeywell International during the second quarter worth about $104,000. Fort L.P. bought a new position in Honeywell International during the second quarter worth about $118,000. McKinley Carter Wealth Services Inc. bought a new position in Honeywell International during the first quarter worth about $125,000. Finally, Kiley Juergens Wealth Management LLC bought a new position in Honeywell International during the second quarter worth about $125,000. 74.60% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HON opened at $156.20 on Friday. Honeywell International Inc. has a 1 year low of $139.51 and a 1 year high of $167.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.11. The company has a market capitalization of $123.57 billion, a PE ratio of 21.97, a PEG ratio of 1.93 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.11. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The company had revenue of $10.92 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. Honeywell International’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 8.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s payout ratio is 41.91%.

In other news, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $159.25, for a total value of $1,591,863.00. Following the completion of the transaction, the insider now owns 16,131 shares in the company, valued at $2,568,861.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the transaction, the director now owns 11,787 shares of the company’s stock, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

A number of research analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Monday, August 20th. They set an “overweight” rating and a $175.00 price target for the company. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Barclays raised their price target on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. MED assumed coverage on shares of Honeywell International in a research note on Thursday, July 12th. They set a “buy” rating and a $166.00 price target for the company. Finally, Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Three analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $174.79.

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.

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

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