Goelzer Investment Management Inc. Purchases 1,526 Shares of Honeywell International Inc. (NASDAQ:HON)

Goelzer Investment Management Inc. increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,403 shares of the conglomerate's stock after purchasing an additional 1,526 shares during the period. Goelzer Investment Management Inc.'s holdings in Honeywell International were worth $5,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors bought a new position in shares of Honeywell International in the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. bought a new position in shares of Honeywell International during the 4th quarter valued at approximately $435,786,000. GAMMA Investing LLC raised its stake in Honeywell International by 20,894.0% during the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after acquiring an additional 1,320,295 shares during the period. Cibc World Markets Corp lifted its holdings in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new position in Honeywell International during the fourth quarter valued at approximately $155,407,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HON. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho increased 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. Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Barclays upped their price target on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.29.

Honeywell International Trading Up 0.5%

Shares of Honeywell International stock traded up $1.26 on Thursday, hitting $240.52. 1,903,189 shares of the company traded hands, compared to its average volume of 3,843,036. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The company has a market cap of $154.57 billion, a PE ratio of 27.65, a PEG ratio of 2.73 and a beta of 1.07. The stock's 50 day moving average price is $221.36 and its 200-day moving average price is $215.98. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced 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. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. Honeywell International's dividend payout ratio is currently 51.95%.

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.