Apella Capital LLC Purchases 1,408 Shares of Honeywell International Inc. (NASDAQ:HON)

Apella Capital LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 74.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,301 shares of the conglomerate's stock after purchasing an additional 1,408 shares during the period. Apella Capital LLC's holdings in Honeywell International were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Mainstream Capital Management LLC purchased a new position in Honeywell International in the 4th quarter valued at approximately $25,000. Avalon Trust Co boosted its holdings in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $34,000. Finally, Curio Wealth LLC purchased a new stake in Honeywell International during the 4th quarter worth about $35,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.9%

NASDAQ:HON traded up $2.11 during trading hours on Friday, reaching $228.78. The company's stock had a trading volume of 2,215,743 shares, compared to its average volume of 3,824,178. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market capitalization of $147.03 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. The firm has a 50-day simple moving average of $210.44 and a 200-day simple moving average of $216.15. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.25 EPS. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on HON shares. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

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.