Financial Counselors Inc. Buys 5,520 Shares of Honeywell International Inc. (NASDAQ:HON)

Financial Counselors Inc. raised its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,174 shares of the conglomerate's stock after acquiring an additional 5,520 shares during the quarter. Financial Counselors Inc.'s holdings in Honeywell International were worth $38,787,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Claris Advisors LLC MO boosted its position in shares of Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock valued at $241,000 after acquiring an additional 49 shares during the last quarter. Avantax Planning Partners Inc. boosted its position in shares of Honeywell International by 1.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after acquiring an additional 49 shares during the last quarter. Zions Bancorporation N.A. lifted its position in Honeywell International by 7.4% in the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after buying an additional 50 shares during the last quarter. Cetera Trust Company N.A lifted its position in Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after buying an additional 50 shares during the last quarter. Finally, Kennedy Investment Group lifted its position in Honeywell International by 1.7% in the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock worth $639,000 after buying an additional 51 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the subject of a number of recent research reports. Barclays boosted their target price on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Eight investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $250.29.

Honeywell International Trading Up 0.4%

Shares of HON traded up $1.00 during mid-day trading on Tuesday, hitting $240.35. 428,439 shares of the company's stock traded hands, compared to its average volume of 3,835,058. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. 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 $154.47 billion, a P/E ratio of 27.59, a PEG ratio of 2.75 and a beta of 1.07. The business's 50-day moving average price is $223.75 and its 200-day moving average price is $215.99.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.25 earnings per share. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Honeywell International Company 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.