Janney Montgomery Scott LLC Buys 10,536 Shares of Honeywell International Inc. (NASDAQ:HON)

Janney Montgomery Scott LLC lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,890 shares of the conglomerate's stock after buying an additional 10,536 shares during the period. Janney Montgomery Scott LLC's holdings in Honeywell International were worth $62,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. M.E. Allison & CO. Inc. increased its stake in shares of Honeywell International by 30.1% in the first quarter. M.E. Allison & CO. Inc. now owns 1,695 shares of the conglomerate's stock worth $359,000 after purchasing an additional 392 shares in the last quarter. Mission Wealth Management LP raised its holdings in shares of Honeywell International by 23.6% during the 1st quarter. Mission Wealth Management LP now owns 21,660 shares of the conglomerate's stock worth $4,586,000 after acquiring an additional 4,139 shares in the last quarter. Brown Miller Wealth Management LLC boosted its position in shares of Honeywell International by 38.0% during the 1st quarter. Brown Miller Wealth Management LLC now owns 1,961 shares of the conglomerate's stock valued at $415,000 after acquiring an additional 540 shares during the last quarter. 1900 Wealth Management LLC grew its holdings in shares of Honeywell International by 17.7% in the first quarter. 1900 Wealth Management LLC now owns 2,664 shares of the conglomerate's stock valued at $564,000 after purchasing an additional 401 shares in the last quarter. Finally, Traphagen Investment Advisors LLC raised its stake in Honeywell International by 18.0% during the first quarter. Traphagen Investment Advisors LLC now owns 3,317 shares of the conglomerate's stock valued at $702,000 after purchasing an additional 506 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.1%

Shares of NASDAQ:HON opened at $224.09 on Tuesday. The business's 50 day moving average is $214.18 and its 200 day moving average is $215.88. The stock has a market cap of $144.02 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. 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 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 35.78% and a net margin of 14.82%. The business's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.25 EPS. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company 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. 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 2.02%. Honeywell International's payout ratio is 51.95%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $248.14.

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.

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