Louisiana State Employees Retirement System cut its position in Honeywell International Inc. (NYSE:HON) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,500 shares of the conglomerate’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Honeywell International were worth $7,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HON. Norway Savings Bank boosted its stake in Honeywell International by 45.0% during the 3rd quarter. Norway Savings Bank now owns 1,360 shares of the conglomerate’s stock valued at $226,000 after acquiring an additional 422 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Honeywell International by 0.6% during the third quarter. Nisa Investment Advisors LLC now owns 298,550 shares of the conglomerate’s stock worth $49,673,000 after purchasing an additional 1,745 shares during the period. Bainco International Investors raised its holdings in shares of Honeywell International by 2.8% during the third quarter. Bainco International Investors now owns 97,104 shares of the conglomerate’s stock worth $16,158,000 after purchasing an additional 2,689 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Honeywell International by 2.1% during the third quarter. Raymond James Trust N.A. now owns 70,209 shares of the conglomerate’s stock worth $11,683,000 after purchasing an additional 1,448 shares during the period. Finally, First Hawaiian Bank raised its holdings in shares of Honeywell International by 671.5% during the third quarter. First Hawaiian Bank now owns 12,807 shares of the conglomerate’s stock worth $2,131,000 after purchasing an additional 11,147 shares during the period. Institutional investors and hedge funds own 74.60% of the company’s stock.

HON stock opened at $159.56 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. Honeywell International Inc. has a fifty-two week low of $139.51 and a fifty-two week high of $167.72. The stock has a market capitalization of $123.57 billion, a P/E ratio of 22.44, a PEG ratio of 1.93 and a beta of 0.99.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.11. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business had revenue of $10.92 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the company earned $1.80 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts forecast that Honeywell International Inc. will post 8.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is 41.91%.

In related news, insider Vimal Kapur sold 9,996 shares of the stock in a transaction dated 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 sale, the insider now owns 16,131 shares of the company’s stock, valued at approximately $2,568,861.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the stock in a transaction dated 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 sale, the director now directly owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

A number of analysts have weighed in on HON shares. Morgan Stanley started coverage on shares of Honeywell International in a report on Monday, August 20th. They set an “overweight” rating and a $175.00 target price on the stock. Barclays increased their target price on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Tuesday, July 31st. HSBC cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a report on Tuesday, October 2nd. Finally, Cowen reissued a “buy” rating and set a $168.00 target price on shares of Honeywell International in a report on Friday, August 24th. Three investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $174.79.

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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