Bar Harbor Wealth Management Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Bar Harbor Wealth Management grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 237.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,145 shares of the conglomerate's stock after acquiring an additional 10,655 shares during the period. Bar Harbor Wealth Management's holdings in Honeywell International were worth $3,207,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HON. Smithbridge Asset Management Inc. DE purchased a new position in Honeywell International during the 1st quarter valued at about $6,117,000. Albert D Mason Inc. boosted its stake in shares of Honeywell International by 1.8% during the first quarter. Albert D Mason Inc. now owns 8,111 shares of the conglomerate's stock valued at $1,718,000 after purchasing an additional 144 shares in the last quarter. Quintet Private Bank Europe S.A. increased its holdings in Honeywell International by 12.9% during the first quarter. Quintet Private Bank Europe S.A. now owns 10,658 shares of the conglomerate's stock valued at $2,257,000 after buying an additional 1,214 shares during the period. NorthCrest Asset Manangement LLC raised its stake in Honeywell International by 2.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 163,709 shares of the conglomerate's stock worth $34,665,000 after buying an additional 3,631 shares in the last quarter. Finally, Sky Investment Group LLC lifted its holdings in Honeywell International by 1.9% during the first quarter. Sky Investment Group LLC now owns 22,217 shares of the conglomerate's stock worth $4,704,000 after buying an additional 410 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock traded down $1.76 during mid-day trading on Friday, reaching $224.29. 2,497,010 shares of the company traded hands, compared to its average volume of 3,824,955. The firm's fifty day moving average is $213.35 and its two-hundred day moving average is $216.03. The company has a market capitalization of $144.15 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last released 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. The firm 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 35.78% and a net margin of 14.82%. The firm's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.25 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors 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 annualized dividend and a yield of 2.02%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HON. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. 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 research note on Wednesday, May 7th. Royal Bank of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Barclays cut their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Eight 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

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.