Balentine LLC Takes $634,000 Position in Honeywell International Inc. (NASDAQ:HON)

Balentine LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,993 shares of the conglomerate's stock, valued at approximately $634,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Honeywell International by 9.1% during the 4th 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 last quarter. Proficio Capital Partners LLC raised its position in Honeywell International by 40.8% during 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. Advisors Asset Management Inc. raised its position in Honeywell International by 4.3% during the 4th quarter. Advisors Asset Management Inc. now owns 17,194 shares of the conglomerate's stock valued at $3,884,000 after purchasing an additional 710 shares during the last quarter. Royal London Asset Management Ltd. raised its position in Honeywell International by 1.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 274,796 shares of the conglomerate's stock valued at $62,074,000 after purchasing an additional 3,595 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC raised its position in Honeywell International by 4.5% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 8,700 shares of the conglomerate's stock valued at $1,965,000 after purchasing an additional 375 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HON shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a research report on Wednesday, June 25th. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company increased their price target on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Barclays increased their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Trading Down 0.8%

Shares of Honeywell International stock traded down $1.83 during trading on Friday, hitting $236.54. The stock had a trading volume of 3,613,807 shares, compared to its average volume of 3,871,215. The stock has a market cap of $152.02 billion, a PE ratio of 27.19, a PEG ratio of 2.69 and a beta of 1.07. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm's fifty day simple moving average is $228.22 and its 200-day simple moving average is $216.65. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results 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. 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 during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the business earned $2.25 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.91%. 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.