NorthCrest Asset Manangement LLC Purchases 3,631 Shares of Honeywell International Inc. (NASDAQ:HON)

NorthCrest Asset Manangement LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,709 shares of the conglomerate's stock after purchasing an additional 3,631 shares during the period. Honeywell International accounts for about 1.0% of NorthCrest Asset Manangement LLC's investment portfolio, making the stock its 19th largest position. NorthCrest Asset Manangement LLC's holdings in Honeywell International were worth $34,665,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sky Investment Group LLC increased its position in Honeywell International by 1.9% during the first quarter. Sky Investment Group LLC now owns 22,217 shares of the conglomerate's stock worth $4,704,000 after buying an additional 410 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in Honeywell International by 8.1% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 386,186 shares of the conglomerate's stock worth $81,775,000 after purchasing an additional 28,941 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in Honeywell International by 4.4% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 58,823 shares of the conglomerate's stock worth $12,456,000 after purchasing an additional 2,463 shares during the last quarter. Spectrum Asset Management Inc. NB CA raised its position in shares of Honeywell International by 1.8% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 22,900 shares of the conglomerate's stock valued at $4,849,000 after purchasing an additional 413 shares during the period. Finally, apricus wealth LLC lifted its stake in shares of Honeywell International by 15.8% in the first quarter. apricus wealth LLC now owns 3,652 shares of the conglomerate's stock worth $773,000 after buying an additional 497 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HON. Barclays dropped their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Price Performance

Shares of HON stock traded down $1.76 during trading hours on Friday, hitting $224.29. The company had a trading volume of 2,497,010 shares, compared to its average volume of 3,818,611. The firm's fifty day moving average is $212.52 and its 200 day moving average is $216.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market capitalization of $144.15 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.51 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.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the firm earned $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 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.