MTM Investment Management LLC Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

MTM Investment Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 42.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,050 shares of the conglomerate's stock after purchasing an additional 2,400 shares during the period. MTM Investment Management LLC's holdings in Honeywell International were worth $1,718,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Avalon Trust Co raised 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 purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the fourth quarter worth about $34,000. Curio Wealth LLC purchased a new position in Honeywell International in the fourth quarter valued at about $35,000. Finally, Alexis Investment Partners LLC bought a new position in shares of Honeywell International during the 4th quarter valued at approximately $37,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Honeywell International stock opened at $235.93 on Monday. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $151.63 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. The firm's 50 day simple moving average is $225.84 and its 200 day simple moving average is $216.23.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HON shares. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho lifted 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. Finally, Wells Fargo & Company boosted their price objective on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $250.79.

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.

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