Mirador Capital Partners LP Buys New Stake in Honeywell International Inc. (NASDAQ:HON)

Mirador Capital Partners LP acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,363 shares of the conglomerate's stock, valued at approximately $289,000.

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

Honeywell International Price Performance

NASDAQ HON traded up $1.25 on Tuesday, hitting $226.77. The stock had a trading volume of 2,808,983 shares, compared to its average volume of 3,821,843. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a market capitalization of $145.74 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The firm has a 50-day moving average of $209.24 and a 200-day moving average of $216.08.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data 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. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the prior year, the business earned $2.25 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. Honeywell International's payout ratio is currently 51.95%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HON shares. Wells Fargo & Company boosted their price target on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho boosted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup dropped their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Barclays reduced their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $245.57.

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.