Illinois Municipal Retirement Fund Acquires 1,789 Shares of Honeywell International Inc. (NASDAQ:HON)

Illinois Municipal Retirement Fund grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,236 shares of the conglomerate's stock after buying an additional 1,789 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Honeywell International were worth $4,920,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Claris Advisors LLC MO lifted 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 valued at $241,000 after purchasing an additional 49 shares in the last quarter. Avantax Planning Partners Inc. lifted its stake in 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. Zions Bancorporation N.A. boosted its position in Honeywell International by 7.4% during the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after acquiring an additional 50 shares during the period. Cetera Trust Company N.A grew its stake in Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares in the last quarter. Finally, Kennedy Investment Group grew its stake in Honeywell International by 1.7% during the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock valued at $639,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 0.1%

Shares of NASDAQ HON traded up $0.32 during mid-day trading on Wednesday, reaching $239.09. 2,673,359 shares of the company traded hands, compared to its average volume of 3,826,751. The company's fifty day moving average is $220.52 and its two-hundred day moving average is $215.82. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $153.66 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07.

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 the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the company posted $2.25 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

HON has been the subject of several research reports. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Barclays increased their target price on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a report on Wednesday, June 25th. Bank of America upgraded 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. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $250.29.

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.