Forbes J M & Co. LLP Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Forbes J M & Co. LLP grew its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 57,722 shares of the conglomerate's stock after acquiring an additional 2,102 shares during the period. Forbes J M & Co. LLP's holdings in Honeywell International were worth $12,223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International during the 4th quarter valued at $34,000. Alexis Investment Partners LLC purchased a new stake in Honeywell International during the 4th quarter valued at $37,000. Banque de Luxembourg S.A. purchased a new stake in Honeywell International during the 4th quarter valued at $38,000. Finally, Garde Capital Inc. purchased a new stake in Honeywell International during the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HON. Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Wells Fargo & Company raised their target price on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Eight equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Performance

NASDAQ:HON opened at $236.58 on Wednesday. The business's fifty day moving average price is $228.22 and its 200 day moving average price is $216.59. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. 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 has a market capitalization of $152.05 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 2.67 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate 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 14.51% and a return on equity of 36.19%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business 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. This represents a $4.52 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) 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.

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