Cardinal Capital Management Inc. Purchases 3,720 Shares of Honeywell International Inc. (NASDAQ:HON)

Cardinal Capital Management Inc. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,355 shares of the conglomerate's stock after acquiring an additional 3,720 shares during the quarter. Cardinal Capital Management Inc.'s holdings in Honeywell International were worth $27,603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HON. Olstein Capital Management L.P. increased its stake in shares of Honeywell International by 39.3% in the first quarter. Olstein Capital Management L.P. now owns 19,500 shares of the conglomerate's stock worth $4,129,000 after acquiring an additional 5,500 shares during the last quarter. Parisi Gray Wealth Management increased its position in Honeywell International by 2.1% in the 1st quarter. Parisi Gray Wealth Management now owns 10,239 shares of the conglomerate's stock worth $2,168,000 after purchasing an additional 215 shares during the last quarter. Tounjian Advisory Partners LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth about $3,229,000. Cetera Trust Company N.A lifted its holdings in shares of Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after buying an additional 50 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Honeywell International by 13.0% in the 1st quarter. Farther Finance Advisors LLC now owns 10,526 shares of the conglomerate's stock valued at $2,247,000 after buying an additional 1,212 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $0.12 during trading hours on Wednesday, hitting $226.14. 518,107 shares of the company's stock were exchanged, compared to its average volume of 3,806,333. The company's 50-day moving average price is $211.06 and its 200-day moving average price is $216.13. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market capitalization of $145.34 billion, a price-to-earnings ratio of 25.96, 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 (NASDAQ:HON - Get Free Report) last issued 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 period in the previous year, the company earned $2.25 earnings per share. The company's quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Royal Bank of Canada increased their price target 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. Barclays reduced their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.