Addenda Capital Inc. Has $8.57 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Addenda Capital Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,452 shares of the conglomerate's stock after selling 6,255 shares during the period. Addenda Capital Inc.'s holdings in Honeywell International were worth $8,566,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. LaFleur & Godfrey LLC lifted its stake in shares of Honeywell International by 40.7% in the 4th 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 lifted its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Honeywell International in the 4th quarter worth $21,525,000. R Squared Ltd acquired a new stake in shares of Honeywell International in the 4th quarter worth $47,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Honeywell International by 53.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,186 shares of the conglomerate's stock worth $268,000 after acquiring an additional 415 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HON shares. Barclays reduced their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight 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 company's stock. According to data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $245.57.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $1.25 during trading on Tuesday, reaching $226.77. 2,808,983 shares of the stock were exchanged, compared to its average volume of 3,827,355. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market cap of $145.74 billion, a PE ratio of 26.04, a PEG ratio of 2.51 and a beta of 1.07. The stock has a 50-day moving average price of $209.24 and a 200-day moving average price of $216.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The business 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 for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 earnings per share. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

About Honeywell International

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.