Fire Capital Management LLC Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

Fire Capital Management LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,002 shares of the conglomerate's stock, valued at approximately $452,000.

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

Honeywell International Stock Down 0.2%

HON stock traded down $0.34 on Friday, reaching $224.85. 8,299,549 shares of the company traded hands, compared to its average volume of 3,828,432. The company has a market cap of $144.51 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The firm has a fifty day simple moving average of $208.99 and a 200-day simple moving average of $216.32. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The company 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 35.78% and a net margin of 14.82%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $2.25 EPS. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analysts Set New Price Targets

Several research firms recently weighed in on HON. Morgan Stanley increased their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Barclays dropped their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price target on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Mizuho lifted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Citigroup cut their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $245.57.

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.