Blue Zone Wealth Advisors LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Blue Zone Wealth Advisors LLC boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,089 shares of the conglomerate's stock after buying an additional 1,686 shares during the quarter. Blue Zone Wealth Advisors LLC's holdings in Honeywell International were worth $4,889,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after acquiring an additional 380,299 shares in the last quarter. Geode Capital Management LLC increased its holdings in Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after buying an additional 627,422 shares during the last quarter. Capital World Investors bought a new stake in Honeywell International in the fourth quarter valued at about $1,594,216,000. Bank of New York Mellon Corp increased its holdings in Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock valued at $1,527,867,000 after buying an additional 631,761 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in Honeywell International by 5.5% in the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after buying an additional 346,190 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HON. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday. Barclays lowered their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $228.78 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of $210.44 and a 200-day simple moving average of $216.22. The company has a market cap of $147.03 billion, a PE ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08. 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 issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion during 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 business's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 earnings per share. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. 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.

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