North Point Portfolio Managers Corp OH Purchases Shares of 1,196 Honeywell International Inc. (NASDAQ:HON)

North Point Portfolio Managers Corp OH acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,196 shares of the conglomerate's stock, valued at approximately $253,000.

Other institutional investors have also recently modified their holdings of the company. Childress Capital Advisors LLC grew its position in Honeywell International by 7.2% during the 1st quarter. Childress Capital Advisors LLC now owns 2,281 shares of the conglomerate's stock worth $483,000 after acquiring an additional 154 shares during the last quarter. Running Oak Capital LLC lifted its holdings in Honeywell International by 13.9% in the 1st quarter. Running Oak Capital LLC now owns 71,273 shares of the conglomerate's stock worth $15,092,000 after buying an additional 8,719 shares during the period. Intact Investment Management Inc. lifted its holdings in Honeywell International by 115.1% in the 1st quarter. Intact Investment Management Inc. now owns 31,400 shares of the conglomerate's stock worth $6,649,000 after buying an additional 16,800 shares during the period. Garde Capital Inc. purchased a new stake in Honeywell International in the 1st quarter worth approximately $42,000. Finally, Weaver Capital Management LLC lifted its holdings in Honeywell International by 3.0% in the 1st quarter. Weaver Capital Management LLC now owns 8,274 shares of the conglomerate's stock worth $1,752,000 after buying an additional 239 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays boosted their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. 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 note on Wednesday, May 7th. JPMorgan Chase & Co. increased their price target 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. Wells Fargo & Company increased their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight equities research 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. According to MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Stock Performance

HON stock traded down $2.81 on Wednesday, hitting $221.79. The company had a trading volume of 3,003,733 shares, compared to its average volume of 3,812,723. The stock's 50-day simple moving average is $217.13 and its 200 day simple moving average is $215.75. The stock has a market cap of $142.54 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 1.08. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month 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.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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 business 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 company's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 EPS. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given 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 2.04%. Honeywell International's payout ratio is 51.95%.

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.