MCF Advisors LLC Acquires 2,349 Shares of Honeywell International Inc. (NASDAQ:HON)

MCF Advisors LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 104.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,602 shares of the conglomerate's stock after buying an additional 2,349 shares during the quarter. MCF Advisors LLC's holdings in Honeywell International were worth $974,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HON. United Bank boosted its position in Honeywell International by 7.8% in the first quarter. United Bank now owns 9,703 shares of the conglomerate's stock valued at $2,055,000 after buying an additional 699 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Honeywell International by 7.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 357,384 shares of the conglomerate's stock worth $75,676,000 after acquiring an additional 23,672 shares during the last quarter. VSM Wealth Advisory LLC grew its holdings in Honeywell International by 4.8% during the 1st quarter. VSM Wealth Advisory LLC now owns 1,100 shares of the conglomerate's stock worth $233,000 after acquiring an additional 50 shares during the last quarter. PFG Advisors grew its holdings in Honeywell International by 29.9% during the 1st quarter. PFG Advisors now owns 18,171 shares of the conglomerate's stock worth $3,848,000 after acquiring an additional 4,179 shares during the last quarter. Finally, Ignite Planners LLC grew its holdings in Honeywell International by 23.2% during the 1st quarter. Ignite Planners LLC now owns 1,284 shares of the conglomerate's stock worth $271,000 after acquiring an additional 242 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HON. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. 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 report on Friday, May 16th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company upped their target price on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Down 6.2%

HON stock traded down $14.79 during trading hours on Thursday, reaching $224.48. 11,085,337 shares of the stock were exchanged, compared to its average volume of 4,136,469. The firm's 50-day moving average is $229.34 and its 200-day moving average is $216.95. The company has a market cap of $144.27 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.69 and a beta of 1.07. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date was 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.