Beacon Financial Group Acquires 1,295 Shares of Honeywell International Inc. (NASDAQ:HON)

Beacon Financial Group increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 52.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,759 shares of the conglomerate's stock after buying an additional 1,295 shares during the period. Beacon Financial Group's holdings in Honeywell International were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Valmark Advisers Inc. boosted its holdings in Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after buying an additional 45 shares during the period. Claris Advisors LLC MO lifted its position in shares of Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after acquiring an additional 49 shares in the last quarter. Avantax Planning Partners Inc. boosted its holdings in shares of Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after acquiring an additional 49 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC grew its position in shares of Honeywell International by 0.6% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate's stock valued at $1,996,000 after purchasing an additional 50 shares in the last quarter. Finally, Spinnaker Trust raised its stake in shares of Honeywell International by 0.4% during the 4th quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate's stock valued at $2,558,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Down 0.7%

NASDAQ:HON traded down $1.65 during mid-day trading on Monday, reaching $227.13. 2,561,107 shares of the company's stock traded hands, compared to its average volume of 3,819,126. The company has a 50 day moving average price of $210.44 and a 200-day moving average price of $216.08. The firm has a market capitalization of $145.97 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.51 and a beta of 1.08. 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 Inc. has a 12-month low of $179.36 and a 12-month 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 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the firm posted $2.25 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent analyst reports. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Mizuho raised their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company raised their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Eight 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 stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus price target 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.