Money Concepts Capital Corp Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

Money Concepts Capital Corp grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 15.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,136 shares of the conglomerate's stock after buying an additional 1,353 shares during the period. Money Concepts Capital Corp's holdings in Honeywell International were worth $2,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors purchased a new position in shares of Honeywell International during the fourth quarter worth $1,594,216,000. Raymond James Financial Inc. purchased a new position in Honeywell International during the 4th quarter valued at about $435,786,000. GAMMA Investing LLC grew its position in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after acquiring an additional 1,320,295 shares in the last quarter. Cibc World Markets Corp increased its stake in 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 purchasing an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth about $155,407,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 1.1%

Shares of NASDAQ HON opened at $228.85 on Friday. The business has a 50-day moving average price of $218.94 and a 200 day moving average price of $215.80. The stock has a market cap of $147.08 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.64 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

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 for the quarter, beating the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. 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 increased their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays lifted their price target on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Eight investment 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 company. According to data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $249.21.

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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