Lakeshore Capital Group Inc. Purchases New Position in Honeywell International Inc. (NASDAQ:HON)

Lakeshore Capital Group Inc. bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,865 shares of the conglomerate's stock, valued at approximately $647,000.

Several other institutional investors have also made changes to their positions in HON. Capital World Investors bought a new position in shares of Honeywell International in the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. acquired a new stake in Honeywell International in the 4th quarter valued at approximately $435,786,000. ING Groep NV grew its holdings in Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after buying an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after buying an additional 1,018,099 shares during the last quarter. Finally, Demars Financial Group LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at approximately $155,407,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. 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 research report on Wednesday, May 7th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company lifted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.57.

Honeywell International Stock Up 0.3%

Shares of Honeywell International stock traded up $0.58 during trading hours on Thursday, reaching $225.19. 6,740,096 shares of the company's stock were exchanged, compared to its average volume of 3,800,659. 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 $144.73 billion, a P/E ratio of 25.85, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average of $208.47 and a two-hundred day moving average of $216.38.

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, topping analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 earnings per share. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Honeywell International 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.