International Assets Investment Management LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

International Assets Investment Management LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 50.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,043 shares of the conglomerate's stock after buying an additional 52,135 shares during the period. Honeywell International accounts for approximately 1.0% of International Assets Investment Management LLC's holdings, making the stock its 12th biggest position. International Assets Investment Management LLC's holdings in Honeywell International were worth $33,042,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mainstream Capital Management LLC purchased a new position in shares of Honeywell International in the 4th quarter worth about $25,000. Avalon Trust Co increased its stake in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International in the fourth quarter worth about $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the fourth quarter worth approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $35,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

HON traded down $2.81 during midday trading on Wednesday, reaching $221.79. The company had a trading volume of 3,003,733 shares, compared to its average volume of 3,809,368. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The company has a market cap of $142.54 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 1.08. The business has a 50-day moving average of $217.13 and a two-hundred day moving average of $215.75.

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

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company lifted their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Barclays lifted their price target on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $249.21.

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.