BTC Capital Management Inc. Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

BTC Capital Management Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,351 shares of the conglomerate's stock after acquiring an additional 1,638 shares during the quarter. BTC Capital Management Inc.'s holdings in Honeywell International were worth $3,462,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Valmark Advisers Inc. boosted its holdings in shares of Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after buying an additional 45 shares during the last quarter. Saxony Capital Management LLC grew its position in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after acquiring an additional 47 shares during the last quarter. Claris Advisors LLC MO grew its holdings in shares of Honeywell International by 4.8% in the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after purchasing an additional 49 shares during the last quarter. Avantax Planning Partners Inc. raised its position in shares of Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after acquiring an additional 49 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co LLC raised its holdings in Honeywell International by 0.6% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate's stock worth $1,996,000 after purchasing an additional 50 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley lifted their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Barclays dropped their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Royal Bank of Canada increased 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, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average price target of $245.57.

Honeywell International Stock Down 0.5%

Honeywell International stock traded down $1.15 during mid-day trading on Monday, reaching $225.52. The company's stock had a trading volume of 2,198,712 shares, compared to its average volume of 3,825,875. The business's 50 day simple moving average is $208.99 and its 200 day simple moving average is $216.10. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market capitalization of $144.94 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its 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. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the previous year, the company earned $2.25 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.00%. Honeywell International's payout ratio is currently 51.95%.

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.