Diversified Trust Co Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Diversified Trust Co boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,947 shares of the conglomerate's stock after buying an additional 1,199 shares during the period. Diversified Trust Co's holdings in Honeywell International were worth $3,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International during the fourth quarter valued at about $25,000. Avalon Trust Co boosted its stake in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the 4th quarter valued at approximately $34,000. Finally, Curio Wealth LLC purchased a new position in shares of Honeywell International in the fourth quarter worth $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $226.38 on Friday. 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's 50 day simple moving average is $218.29 and its 200-day simple moving average is $215.80. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market capitalization of $145.49 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.59 and a beta of 1.08.

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. The company 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 in the previous year, the company earned $2.25 earnings per share. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current 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 issued a $1.13 dividend. 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 2.00%. Honeywell International's payout ratio is 51.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Bank of America raised 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. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company upped their target price on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $249.21.

About Honeywell International

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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