Honeywell International Inc. (NASDAQ:HON) Stock Holdings Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 41.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,155 shares of the conglomerate's stock after buying an additional 9,087 shares during the period. Concurrent Investment Advisors LLC's holdings in Honeywell International were worth $6,597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avalon Trust Co lifted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $34,000. Curio Wealth LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $37,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON traded down $1.05 during mid-day trading on Monday, hitting $239.35. The stock had a trading volume of 2,709,913 shares, compared to its average volume of 3,848,454. The company has a market cap of $153.83 billion, a PE ratio of 27.51, a PEG ratio of 2.75 and a beta of 1.07. The company's fifty day simple moving average is $222.98 and its two-hundred day simple moving average is $215.91. 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 fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. On average, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HON shares. Wall Street Zen upgraded 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 target price on shares of Honeywell International in a research note on Wednesday, June 25th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company raised their price objective on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Eight equities research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $250.29.

About Honeywell International

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.