Codex Capital Asset Management L.L.C. Invests $5.29 Million in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Codex Capital Asset Management L.L.C. acquired 25,000 shares of Honeywell International Inc. valued at approximately $5.29 million, making it the company's 18th largest investment position.
• Wall Street analysts have mixed views on Honeywell, with price targets ranging from $217.00 to $254.00, and an average rating of "Moderate Buy".
• Honeywell's recent quarterly earnings show a year-over-year revenue increase of 8.1% with a reported EPS of $2.75, surpassing analyst expectations.

Codex Capital Asset Management L.L.C. acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,000 shares of the conglomerate's stock, valued at approximately $5,294,000. Honeywell International makes up 2.5% of Codex Capital Asset Management L.L.C.'s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Kirtland Hills Capital Management LLC lifted its stake in shares of Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after purchasing an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in shares of Honeywell International by 0.6% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after purchasing an additional 48 shares in the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after purchasing an additional 49 shares in the last quarter. Cetera Trust Company N.A lifted its stake in shares of Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after purchasing an additional 50 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Honeywell International by 12.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock valued at $99,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.1%

Shares of NASDAQ HON traded down $0.25 during mid-day trading on Friday, hitting $216.33. 3,058,993 shares of the company traded hands, compared to its average volume of 3,795,408. 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 $137.35 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.44 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The business has a 50 day moving average of $228.66 and a two-hundred day moving average of $216.91.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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 firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.

Analyst Upgrades and Downgrades

HON has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Mizuho boosted their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Morgan Stanley boosted their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Finally, Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

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.