Alpine Bank Wealth Management Invests $887,000 in Honeywell International Inc. (NASDAQ:HON)

Alpine Bank Wealth Management purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,188 shares of the conglomerate's stock, valued at approximately $887,000.

A number of other institutional investors also recently bought and sold shares of HON. Capital World Investors purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $1,594,216,000. Raymond James Financial Inc. purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $435,786,000. GAMMA Investing LLC grew its position in shares of Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after buying an additional 1,320,295 shares during the period. Cibc World Markets Corp grew its position in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after buying an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth about $155,407,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $2.47 during trading on Friday, reaching $228.85. 4,994,254 shares of the company traded hands, compared to its average volume of 3,826,873. The firm has a 50 day simple moving average of $218.94 and a 200-day simple moving average of $215.80. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $147.08 billion, a PE ratio of 26.30, a P/E/G ratio of 2.64 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HON. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays upped their target price on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research report on Wednesday. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $249.21.

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.