Integrated Advisors Network LLC Purchases 8,539 Shares of Honeywell International Inc. (NASDAQ:HON)

Integrated Advisors Network LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 32.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,706 shares of the conglomerate's stock after purchasing an additional 8,539 shares during the quarter. Integrated Advisors Network LLC's holdings in Honeywell International were worth $7,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after acquiring an additional 380,299 shares during the period. Geode Capital Management LLC boosted its stake in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after purchasing an additional 627,422 shares in the last quarter. Capital World Investors purchased a new position in shares of Honeywell International during the fourth quarter valued at about $1,594,216,000. Bank of New York Mellon Corp increased its position in shares of Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock valued at $1,527,867,000 after buying an additional 631,761 shares during the period. Finally, Capital Research Global Investors lifted its holdings in Honeywell International by 5.5% in the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after buying an additional 346,190 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.8%

HON stock traded down $1.85 during midday trading on Wednesday, hitting $224.61. The company's stock had a trading volume of 2,578,619 shares, compared to its average volume of 3,788,903. The firm's 50-day moving average is $208.18 and its 200-day moving average is $216.32. 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 Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market cap of $144.35 billion, a PE ratio of 25.79, a P/E/G ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same period last year, the firm posted $2.25 earnings per share. Honeywell International's revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell International's dividend payout ratio is presently 51.95%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Finally, Royal Bank of Canada lifted their price target 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. Eight 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. According to data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus price target of $245.57.

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.