Hall Capital Management Co. Inc. Buys Shares of 12,238 Honeywell International Inc. (NASDAQ:HON)

Hall Capital Management Co. Inc. purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,238 shares of the conglomerate's stock, valued at approximately $2,764,000. Honeywell International makes up 1.3% of Hall Capital Management Co. Inc.'s holdings, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Liberty Square Wealth Partners LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth about $471,000. Cypress Asset Management Inc. TX acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $5,900,000. Ameriflex Group Inc. acquired a new stake in Honeywell International in the 4th quarter valued at approximately $403,000. United Advisor Group LLC increased its position in shares of Honeywell International by 22.2% during the 4th quarter. United Advisor Group LLC now owns 2,267 shares of the conglomerate's stock valued at $512,000 after purchasing an additional 412 shares during the period. Finally, Challenger Wealth Management acquired a new position in shares of Honeywell International during the 4th quarter valued at $260,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.8%

Honeywell International stock traded down $1.85 during trading hours on Wednesday, reaching $224.61. The stock had a trading volume of 2,578,619 shares, compared to its average volume of 3,788,903. The stock has a market cap of $144.35 billion, a PE ratio of 25.79, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week 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. The company has a fifty day simple moving average of $208.18 and a 200-day simple moving average of $216.32.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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 business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Wall Street Analysts Forecast Growth

HON has been the subject of several recent analyst reports. Mizuho raised 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. Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $245.57.

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.