International Assets Investment Management LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

International Assets Investment Management LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 50.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,043 shares of the conglomerate's stock after buying an additional 52,135 shares during the quarter. Honeywell International comprises 1.0% of International Assets Investment Management LLC's portfolio, making the stock its 12th biggest holding. International Assets Investment Management LLC's holdings in Honeywell International were worth $33,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HON. World Investment Advisors raised its stake in Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at $361,000. Schroder Investment Management Group raised its position in shares of Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after purchasing an additional 10,092 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Honeywell International during the 4th quarter valued at $435,786,000. Finally, Dynasty Wealth Management LLC increased its stake in Honeywell International by 52.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after buying an additional 3,879 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada reissued a "sector perform" rating and set a $226.00 target price on shares of Honeywell International in a research note on Wednesday. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Eight investment 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Price Performance

Honeywell International stock opened at $228.85 on Friday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week 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 firm's fifty day moving average is $218.94 and its 200 day moving average is $215.80. The company has a market cap of $147.08 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.64 and a beta of 1.08.

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

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. 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 1.98%. Honeywell International's dividend payout ratio (DPR) is presently 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.