Consolidated Portfolio Review Corp Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Consolidated Portfolio Review Corp purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,165 shares of the conglomerate's stock, valued at approximately $247,000.

A number of other large investors also recently modified their holdings of HON. Capital World Investors acquired a new position in Honeywell International during the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $435,786,000. GAMMA Investing LLC lifted its stake in Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp boosted its holdings in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after buying an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at $155,407,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON traded up $4.59 on Thursday, reaching $226.38. 2,624,551 shares of the stock traded hands, compared to its average volume of 3,808,008. The stock's 50-day moving average price is $217.70 and its 200-day moving average price is $215.79. 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 firm has a market cap of $145.49 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 2.62 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the business earned $2.25 earnings per share. The company's quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts forecast 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 dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.00%. Honeywell International's dividend payout ratio is 51.95%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Citigroup lifted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays increased their target price on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.21.

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.