Carson Advisory Inc. Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Carson Advisory Inc. acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,109 shares of the conglomerate's stock, valued at approximately $235,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Burling Wealth Partners LLC raised its stake in Honeywell International by 10.2% during the 1st quarter. Burling Wealth Partners LLC now owns 29,141 shares of the conglomerate's stock valued at $6,171,000 after buying an additional 2,705 shares during the last quarter. Mystic Asset Management Inc. increased its stake in shares of Honeywell International by 9.5% in the 1st quarter. Mystic Asset Management Inc. now owns 9,879 shares of the conglomerate's stock worth $2,092,000 after purchasing an additional 859 shares in the last quarter. Hardy Reed LLC increased its stake in shares of Honeywell International by 4.3% in the 1st quarter. Hardy Reed LLC now owns 10,382 shares of the conglomerate's stock worth $2,198,000 after purchasing an additional 432 shares in the last quarter. Richard C. Young & CO. LTD. increased its stake in shares of Honeywell International by 8.3% in the 1st quarter. Richard C. Young & CO. LTD. now owns 31,038 shares of the conglomerate's stock worth $6,572,000 after purchasing an additional 2,391 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Honeywell International by 5.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 440,872 shares of the conglomerate's stock worth $93,355,000 after purchasing an additional 23,397 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $1.83 during mid-day trading on Friday, hitting $236.54. 3,613,807 shares of the company's stock traded hands, compared to its average volume of 3,866,370. The company's 50-day moving average is $227.75 and its two-hundred day moving average is $216.64. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The company has a market capitalization of $152.02 billion, a P/E ratio of 27.19, a PEG ratio of 2.71 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is currently 51.95%.

Analysts Set New Price Targets

HON has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a research note on Wednesday, June 25th. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Finally, Citigroup upped their target price 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. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $250.79.

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.