HighPoint Advisor Group LLC Buys 3,389 Shares of Honeywell International Inc. (NASDAQ:HON)

HighPoint Advisor Group LLC grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,252 shares of the conglomerate's stock after purchasing an additional 3,389 shares during the period. HighPoint Advisor Group LLC's holdings in Honeywell International were worth $5,975,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors lifted its stake in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after purchasing an additional 12,969 shares during the last quarter. Schroder Investment Management Group lifted its position in Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after buying an additional 10,092 shares in the last quarter. Red Door Wealth Management LLC lifted its position in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after buying an additional 736 shares in the last quarter. Potomac Fund Management Inc. ADV purchased a new stake in Honeywell International in the 4th quarter worth approximately $1,722,000. Finally, Petros Family Wealth LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $383,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HON shares. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company raised their target price on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Finally, Mizuho increased their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Eight 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.79.

Honeywell International Price Performance

HON stock traded down $12.18 during trading on Thursday, hitting $227.09. 6,463,098 shares of the stock traded hands, compared to its average volume of 4,101,874. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a market cap of $145.95 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 2.69 and a beta of 1.07. The company has a 50 day simple moving average of $229.34 and a 200 day simple moving average of $216.95. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter last year, the company posted $2.49 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is 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.