111 Capital Takes Position in Honeywell International Inc. (NASDAQ:HON)

111 Capital bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,930 shares of the conglomerate's stock, valued at approximately $2,695,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LaFleur & Godfrey LLC increased its position in shares of Honeywell International by 40.7% during the fourth quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock worth $9,550,000 after acquiring an additional 12,227 shares during the period. Brighton Jones LLC grew its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Honeywell International by 10.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,682 shares of the conglomerate's stock worth $2,187,000 after purchasing an additional 924 shares during the period. Blue Trust Inc. raised its position in Honeywell International by 50.7% during the 4th quarter. Blue Trust Inc. now owns 14,274 shares of the conglomerate's stock valued at $2,951,000 after purchasing an additional 4,803 shares in the last quarter. Finally, Apexium Financial LP lifted its holdings in shares of Honeywell International by 120.9% in the 4th quarter. Apexium Financial LP now owns 2,176 shares of the conglomerate's stock worth $492,000 after buying an additional 1,191 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the topic of several research reports. Morgan Stanley raised their price target on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Royal Bank of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Barclays lowered their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup cut their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $245.57.

Honeywell International Stock Down 0.2%

Shares of HON traded down $0.34 during midday trading on Friday, hitting $224.85. 8,299,549 shares of the company's stock traded hands, compared to its average volume of 3,831,092. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $144.51 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm's fifty day moving average is $208.99 and its 200-day moving average is $216.10.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $2.25 earnings per share. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

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.