Intact Investment Management Inc. Acquires 16,800 Shares of Honeywell International Inc. (NASDAQ:HON)

Intact Investment Management Inc. grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 115.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,400 shares of the conglomerate's stock after purchasing an additional 16,800 shares during the period. Intact Investment Management Inc.'s holdings in Honeywell International were worth $6,649,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON traded down $0.07 during midday trading on Friday, reaching $221.80. The stock had a trading volume of 5,853,173 shares, compared to its average volume of 3,814,926. The firm has a 50 day simple moving average of $216.12 and a 200-day simple moving average of $215.77. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The firm has a market cap of $142.55 billion, a PE ratio of 25.49, a P/E/G ratio of 2.59 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the business earned $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Analyst Ratings Changes

HON has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Finally, Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $249.21.

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.