Carrera Capital Advisors Buys 1,479 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Carrera Capital Advisors increased its stake in Honeywell International by 9.2%, acquiring an additional 1,479 shares, bringing its total holdings to 17,625 shares valued at $3.73 million.
• Wall Street analysts exhibit a predominantly positive outlook on Honeywell, with eight analysts holding a "hold" rating and nine issuing a "buy" rating; the consensus target price is set at $252.00.
• Honeywell recently declared a quarterly dividend of $1.13 per share, with an annualized yield of 2.02%, signifying a dividend payout ratio of 51.42%.

Carrera Capital Advisors grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,625 shares of the conglomerate's stock after buying an additional 1,479 shares during the quarter. Honeywell International accounts for approximately 0.8% of Carrera Capital Advisors' portfolio, making the stock its 23rd largest holding. Carrera Capital Advisors' holdings in Honeywell International were worth $3,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $34,000. Alexis Investment Partners LLC purchased a new stake in Honeywell International in the fourth quarter worth about $37,000. Banque de Luxembourg S.A. purchased a new stake in Honeywell International in the fourth quarter worth about $38,000. Finally, Garde Capital Inc. purchased a new stake in Honeywell International in the first quarter worth about $42,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HON. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Bank of America upgraded shares of 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. Mizuho raised their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday. Finally, Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.00.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $224.24 on Friday. 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 50 day simple moving average of $229.41 and a two-hundred day simple moving average of $216.97. The company has a market capitalization of $144.12 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.52 and a beta of 1.07. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.95 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 earnings per share. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.02%. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Honeywell International 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.

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