Alpha Cubed Investments LLC Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Alpha Cubed Investments LLC lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 68.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,946 shares of the conglomerate's stock after acquiring an additional 2,407 shares during the period. Alpha Cubed Investments LLC's holdings in Honeywell International were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. Proficio Capital Partners LLC boosted its holdings in Honeywell International by 40.8% in the 4th quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock valued at $595,000 after purchasing an additional 764 shares during the last quarter. Candriam S.C.A. grew its stake in shares of Honeywell International by 88.3% in the 4th quarter. Candriam S.C.A. now owns 9,144 shares of the conglomerate's stock valued at $2,066,000 after buying an additional 4,288 shares during the period. Edgestream Partners L.P. grew its stake in shares of Honeywell International by 27.1% in the 4th quarter. Edgestream Partners L.P. now owns 3,386 shares of the conglomerate's stock valued at $765,000 after buying an additional 721 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Honeywell International by 9.9% in the 4th quarter. Larson Financial Group LLC now owns 4,624 shares of the conglomerate's stock valued at $1,045,000 after buying an additional 418 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Barclays increased their price target on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $250.29.

Honeywell International Trading Down 0.4%

Shares of NASDAQ HON traded down $1.05 during trading on Monday, reaching $239.35. The stock had a trading volume of 2,709,913 shares, compared to its average volume of 3,848,453. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The business's 50-day moving average price is $222.98 and its 200-day moving average price is $215.91. The company has a market cap of $153.83 billion, a P/E ratio of 27.51, a PEG ratio of 2.75 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data 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 36.19% and a net margin of 14.51%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.89%. Honeywell International's dividend payout ratio (DPR) is 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.