Cornerstone Wealth Group LLC Acquires 1,550 Shares of Honeywell International Inc. (NASDAQ:HON)

Cornerstone Wealth Group LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,080 shares of the conglomerate's stock after purchasing an additional 1,550 shares during the period. Cornerstone Wealth Group LLC's holdings in Honeywell International were worth $5,522,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors bought a new position in Honeywell International in the fourth quarter worth $1,594,216,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $435,786,000. GAMMA Investing LLC grew 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 worth $2,809,110,000 after buying an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp increased its holdings in shares of 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 bought a new stake in Honeywell International during the 4th quarter worth approximately $155,407,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HON shares. Royal Bank Of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Citigroup boosted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $249.21.

Honeywell International Stock Down 0.1%

HON traded down $0.14 during trading on Tuesday, reaching $224.60. 3,583,422 shares of the stock were exchanged, compared to its average volume of 3,809,085. The stock has a market cap of $144.35 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock's 50 day moving average price is $216.61 and its two-hundred day moving average price is $215.69. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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 business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International's revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $2.25 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio is currently 51.95%.

Honeywell International 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.