Sterling Investment Advisors Ltd. Sells 143 Shares of Honeywell International Inc. (NASDAQ:HON)

Sterling Investment Advisors Ltd. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% in the third quarter, Holdings Channel reports. The firm owned 14,394 shares of the conglomerate’s stock after selling 143 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Honeywell International were worth $2,975,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new position in shares of Honeywell International during the 1st quarter worth about $26,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the first quarter worth $39,000. New Covenant Trust Company N.A. bought a new position in Honeywell International during the first quarter worth $42,000. Finally, TruNorth Capital Management LLC acquired a new position in Honeywell International during the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.10 during mid-day trading on Friday, reaching $208.00. 6,088,157 shares of the stock were exchanged, compared to its average volume of 2,908,814. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $222.98. The company has a market cap of $135.45 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The firm has a 50-day simple moving average of $207.39 and a 200 day simple moving average of $205.44. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.08. The company had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. On average, sell-side analysts predict that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Analyst Ratings Changes

Several research firms have recently issued reports on HON. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday. Citigroup cut their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada decreased their price objective on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the company from $223.00 to $217.00 in a research note on Friday. Finally, Bank of America reiterated a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Company 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.