CX Institutional Grows Position in Honeywell International Inc. (NASDAQ:HON)

CX Institutional raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 46.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,728 shares of the conglomerate's stock after buying an additional 21,061 shares during the period. CX Institutional's holdings in Honeywell International were worth $14,130,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HON. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth about $25,000. Avalon Trust Co lifted its position in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new position in Honeywell International during the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC purchased a new position in Honeywell International during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock traded up $0.23 during trading hours on Thursday, reaching $226.05. The company had a trading volume of 1,598,692 shares, compared to its average volume of 3,816,463. The business has a fifty day moving average price of $212.52 and a 200-day moving average price of $216.17. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The firm has a market cap of $145.28 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the business posted $2.25 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HON shares. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company lifted 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 target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays reduced their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

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.