Talbot Financial LLC Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Talbot Financial LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 18.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,483 shares of the conglomerate's stock after buying an additional 11,201 shares during the period. Honeywell International makes up 1.9% of Talbot Financial LLC's investment portfolio, making the stock its 19th biggest holding. Talbot Financial LLC's holdings in Honeywell International were worth $15,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors grew its holdings in shares of Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. purchased a new stake in shares of Honeywell International in the 4th quarter worth about $361,000. Costello Asset Management INC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $3,092,000. Schroder Investment Management Group increased its stake in Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after purchasing an additional 10,092 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $435,786,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HON shares. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Mizuho upped their price target on shares of 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 price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Stock Down 0.2%

Shares of HON traded down $0.47 during midday trading on Thursday, reaching $226.98. 869,224 shares of the stock were exchanged, compared to its average volume of 4,386,335. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company's 50 day moving average is $209.84 and its two-hundred day moving average is $216.23. The company has a market capitalization of $145.88 billion, a P/E ratio of 26.06, a PEG ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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 business had revenue of $9.82 billion during 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%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, May 16th. 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.