Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Dover Advisors LLC

Dover Advisors LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 32.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,777 shares of the conglomerate's stock after buying an additional 3,404 shares during the quarter. Honeywell International accounts for approximately 1.3% of Dover Advisors LLC's holdings, making the stock its 18th biggest holding. Dover Advisors LLC's holdings in Honeywell International were worth $2,917,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. LaFleur & Godfrey LLC grew its stake in Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock worth $9,550,000 after acquiring an additional 12,227 shares in the last quarter. Brighton Jones LLC grew its stake in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $21,525,000. Allspring Global Investments Holdings LLC lifted its position in shares of Honeywell International by 2.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 274,975 shares of the conglomerate's stock worth $62,017,000 after purchasing an additional 6,338 shares during the period. Finally, Naples Global Advisors LLC lifted its position in shares of Honeywell International by 3.0% in the 4th quarter. Naples Global Advisors LLC now owns 6,204 shares of the conglomerate's stock worth $1,401,000 after purchasing an additional 183 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.8%

HON stock traded down $1.76 during trading on Friday, reaching $224.29. 2,497,010 shares of the stock were exchanged, compared to its average volume of 3,818,612. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average price of $213.35 and a 200-day moving average price of $216.13. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a market capitalization of $144.15 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08.

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

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of analyst reports. Wells Fargo & Company increased their target price 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. Barclays decreased their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. 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 report on Wednesday, May 7th. Citigroup raised their price target 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. Finally, Royal Bank of Canada raised their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.