Alpha Cubed Investments LLC Has $1.26 Million Position in Honeywell International Inc. (NASDAQ:HON)

Alpha Cubed Investments LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 68.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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 report on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Barclays lifted their target price on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a report on Wednesday, June 25th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given 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 $250.29.

Honeywell International Stock Up 0.5%

NASDAQ HON traded up $1.22 during trading on Tuesday, reaching $240.57. 624,924 shares of the company's stock were exchanged, compared to its average volume of 3,835,938. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company's fifty day simple moving average is $223.75 and its 200-day simple moving average is $215.99. The firm has a market capitalization of $154.61 billion, a PE ratio of 27.69, a P/E/G ratio of 2.75 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.88%. Honeywell International's dividend payout ratio is 51.95%.

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.