Dale Q Rice Investment Management Ltd Acquires Shares of 1,416 Honeywell International Inc. (NASDAQ:HON)

Dale Q Rice Investment Management Ltd acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,416 shares of the conglomerate's stock, valued at approximately $300,000.

Several other large investors have also modified their holdings of the company. Private Wealth Partners LLC increased its holdings in shares of Honeywell International by 9.4% during the 1st quarter. Private Wealth Partners LLC now owns 115,853 shares of the conglomerate's stock worth $24,532,000 after purchasing an additional 9,990 shares during the period. Advisor Resource Council bought a new position in shares of Honeywell International during the 1st quarter worth about $695,000. Good Steward Wealth Advisors LLC bought a new position in shares of Honeywell International during the 1st quarter worth about $228,000. Walter & Keenan Wealth Management LLC IN ADV increased its holdings in shares of Honeywell International by 2.2% during the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,615 shares of the conglomerate's stock worth $1,401,000 after purchasing an additional 142 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Honeywell International by 3.1% during the 1st quarter. Blue Trust Inc. now owns 14,340 shares of the conglomerate's stock worth $3,037,000 after purchasing an additional 436 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.07 during mid-day trading on Friday, reaching $221.80. 5,853,173 shares of the stock were exchanged, compared to its average volume of 3,814,926. The company has a market cap of $142.55 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The firm has a 50-day simple moving average of $216.12 and a 200 day simple moving average of $215.77. 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 earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is presently 51.95%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HON shares. Mizuho boosted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Finally, Barclays raised their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $249.21.

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.