Catalyst Capital Advisors LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Catalyst Capital Advisors LLC raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 148.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,730 shares of the conglomerate's stock after buying an additional 5,220 shares during the period. Catalyst Capital Advisors LLC's holdings in Honeywell International were worth $1,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HON. World Investment Advisors grew its position in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. bought a new position in shares of Honeywell International during the 4th quarter valued at $361,000. Schroder Investment Management Group raised its position in Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the period. Raymond James Financial Inc. purchased a new position in Honeywell International in the 4th quarter worth $435,786,000. Finally, Red Door Wealth Management LLC lifted its stake in Honeywell International by 2.6% in the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company raised their price target on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.29.

Honeywell International Trading Up 0.5%

Shares of NASDAQ:HON traded up $1.26 on Friday, hitting $240.52. The company had a trading volume of 1,903,189 shares, compared to its average volume of 3,843,036. The firm's 50-day simple moving average is $222.15 and its two-hundred day simple moving average is $216.01. The firm has a market capitalization 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. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. 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 issued its quarterly earnings data 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 net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the business posted $2.25 earnings per share. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed 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 yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 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.