Sage Capital Advisors llc Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Sage Capital Advisors llc raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 34.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,989 shares of the conglomerate's stock after purchasing an additional 6,419 shares during the quarter. Honeywell International accounts for approximately 1.4% of Sage Capital Advisors llc's holdings, making the stock its 26th biggest position. Sage Capital Advisors llc's holdings in Honeywell International were worth $5,291,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HON. LaFleur & Godfrey LLC increased its holdings in Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock worth $9,550,000 after acquiring an additional 12,227 shares in the last quarter. Brighton Jones LLC increased its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Honeywell International in the 4th quarter worth approximately $21,525,000. KBC Group NV increased its holdings in Honeywell International by 11.3% in the 4th quarter. KBC Group NV now owns 53,686 shares of the conglomerate's stock worth $12,127,000 after acquiring an additional 5,450 shares in the last quarter. Finally, Gateway Wealth Partners LLC increased its holdings in Honeywell International by 20.3% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,995 shares of the conglomerate's stock worth $451,000 after acquiring an additional 336 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HON shares. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company raised their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada lifted their target price on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. 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, Honeywell International currently has an average rating of "Moderate Buy" and a consensus price target of $245.57.

Honeywell International Stock Down 0.6%

Shares of HON stock traded down $1.28 on Monday, hitting $225.40. The stock had a trading volume of 1,453,094 shares, compared to its average volume of 3,822,001. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average price of $208.99 and a 200 day moving average price of $216.10. The company has a market cap of $144.86 billion, a PE ratio of 25.88, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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 given a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. Honeywell International's dividend payout ratio is currently 51.95%.

Honeywell International 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.