Davidson Trust Co. Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Davidson Trust Co. grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 45.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,637 shares of the conglomerate's stock after purchasing an additional 2,088 shares during the period. Davidson Trust Co.'s holdings in Honeywell International were worth $1,405,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of HON. Capital World Investors acquired a new stake in Honeywell International during the 4th quarter worth about $1,594,216,000. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth about $435,786,000. GAMMA Investing LLC grew its holdings 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 acquiring an additional 1,320,295 shares during the period. Cibc World Markets Corp raised its position 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 valued at $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $155,407,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

NASDAQ:HON opened at $240.52 on Friday. The firm has a market cap of $154.57 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The stock has a 50 day moving average of $222.15 and a two-hundred day moving average of $216.01. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during 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 firm's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 EPS. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. Honeywell International's payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. 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 research note on Wednesday, June 4th. Wells Fargo & Company raised their price target on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Mizuho lifted their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $250.29.

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.

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