Oppenheimer & Co. Inc. Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Oppenheimer & Co. Inc. grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,976 shares of the conglomerate's stock after buying an additional 7,863 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Honeywell International were worth $15,029,000 at the end of the most recent quarter.

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

Honeywell International Stock Up 2.1%

Shares of NASDAQ:HON traded up $4.59 during midday trading on Thursday, hitting $226.38. 2,629,205 shares of the company's stock traded hands, compared to its average volume of 3,814,547. The firm's fifty day moving average price is $218.29 and its two-hundred day moving average price is $215.80. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market cap of $145.49 billion, a PE ratio of 26.02, a P/E/G ratio of 2.59 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company posted $2.25 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS 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 paid a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. Honeywell International's dividend payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 target price on shares of Honeywell International in a research report on Wednesday. Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the company 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 report on Wednesday, May 7th. Finally, Mizuho lifted their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $249.21.

Honeywell International Company 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.