Vest Financial LLC Boosts Position in Honeywell International Inc. (NASDAQ:HON)

Vest Financial LLC increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 65.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,744 shares of the conglomerate's stock after buying an additional 4,236 shares during the quarter. Vest Financial LLC's holdings in Honeywell International were worth $2,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HON. Mainstream Capital Management LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $25,000. Avalon Trust Co lifted its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International in the 4th quarter worth $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the 4th quarter worth $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International in the 4th quarter worth $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HON. Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Barclays dropped their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note 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. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $248.14.

Honeywell International Price Performance

Shares of HON traded up $2.11 during trading hours on Friday, reaching $228.78. 2,215,743 shares of the company's stock traded hands, compared to its average volume of 3,824,178. The firm's 50 day simple moving average is $210.44 and its 200-day simple moving average is $216.15. The stock has a market cap of $147.03 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. 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 released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) 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.