Oppenheimer & Co. Inc. Grows Holdings in Honeywell International Inc. (NASDAQ:HON)

Oppenheimer & Co. Inc. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 70,976 shares of the conglomerate's stock after purchasing an additional 7,863 shares during the period. Oppenheimer & Co. Inc.'s holdings in Honeywell International were worth $15,029,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Mainstream Capital Management LLC purchased a new position in Honeywell International during the fourth quarter worth about $25,000. 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 buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International during the fourth quarter worth $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HON. Barclays raised their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Bank of America raised 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. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Royal Bank Of Canada upped their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Finally, Citigroup lifted 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. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

Honeywell International Price Performance

HON stock opened at $221.80 on Monday. The stock has a market capitalization of $142.55 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.59 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. The stock's fifty day simple moving average is $216.12 and its 200-day simple moving average is $215.70.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm 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 earned $2.25 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

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.

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