Capital Investment Advisory Services LLC Purchases 2,793 Shares of Honeywell International Inc. (NASDAQ:HON)

Capital Investment Advisory Services LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 39.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,852 shares of the conglomerate's stock after acquiring an additional 2,793 shares during the quarter. Capital Investment Advisory Services LLC's holdings in Honeywell International were worth $2,086,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International during the fourth quarter valued at $29,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International during the fourth quarter valued at $34,000. Curio Wealth LLC acquired a new stake in Honeywell International during the fourth quarter valued at $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in Honeywell International during the fourth quarter valued at $37,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HON shares. 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 report on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Barclays raised their target price on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Eight research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $250.29.

Honeywell International Price Performance

NASDAQ HON traded up $1.26 during trading on Friday, reaching $240.52. 1,903,189 shares of the company traded hands, compared to its average volume of 3,853,027. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock's 50 day moving average price is $222.98 and its two-hundred day moving average price is $216.06. The company has a market cap of $154.57 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.75 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the business earned $2.25 EPS. Honeywell International's revenue was up 7.9% compared to the same quarter last year. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

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.