Honeywell International Inc. (NASDAQ:HON) Position Raised by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 134,292 shares of the conglomerate's stock after acquiring an additional 11,799 shares during the period. Capital Investment Advisors LLC's holdings in Honeywell International were worth $28,436,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HON. Mainstream Capital Management LLC bought a new stake in Honeywell International during the 4th quarter valued at $25,000. Avalon Trust Co lifted its holdings in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new position in Honeywell International in the 4th quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International during the 4th quarter valued at about $35,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.9%

Shares of HON stock opened at $228.78 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a fifty day moving average of $210.44 and a 200-day moving average of $216.15. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a market cap of $147.03 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the company posted $2.25 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.98%. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

Several research analysts have recently issued reports on HON shares. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays lowered their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Royal Bank of Canada upped their price objective on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their target price on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Eight investment 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, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.