Avantra Family Wealth Inc. Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Avantra Family Wealth Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 138.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,798 shares of the conglomerate's stock after acquiring an additional 1,623 shares during the period. Avantra Family Wealth Inc.'s holdings in Honeywell International were worth $592,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Guyasuta Investment Advisors Inc. boosted its position in shares of Honeywell International by 10.5% during the first quarter. Guyasuta Investment Advisors Inc. now owns 10,720 shares of the conglomerate's stock valued at $2,270,000 after buying an additional 1,020 shares during the last quarter. North Point Portfolio Managers Corp OH purchased a new stake in shares of Honeywell International during the first quarter valued at $253,000. Childress Capital Advisors LLC boosted its position in shares of Honeywell International by 7.2% during the first quarter. Childress Capital Advisors LLC now owns 2,281 shares of the conglomerate's stock valued at $483,000 after buying an additional 154 shares during the last quarter. Running Oak Capital LLC boosted its position in Honeywell International by 13.9% in the first quarter. Running Oak Capital LLC now owns 71,273 shares of the conglomerate's stock worth $15,092,000 after purchasing an additional 8,719 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its position in Honeywell International by 115.1% in the first quarter. Intact Investment Management Inc. now owns 31,400 shares of the conglomerate's stock worth $6,649,000 after purchasing an additional 16,800 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of several research reports. Royal Bank Of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Mizuho raised their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Barclays raised their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday. 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 MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Price Performance

NASDAQ:HON traded down $0.07 during trading hours on Friday, reaching $221.80. The stock had a trading volume of 5,853,173 shares, compared to its average volume of 3,814,926. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a 50 day moving average price of $216.12 and a two-hundred day moving average price of $215.77. The stock has a market capitalization of $142.55 billion, a PE ratio of 25.49, a PEG ratio of 2.59 and a beta of 1.08.

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

Honeywell International Announces Dividend

The business 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. 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.