PFG Advisors Has $3.85 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

PFG Advisors grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 29.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,171 shares of the conglomerate's stock after acquiring an additional 4,179 shares during the period. PFG Advisors' holdings in Honeywell International were worth $3,848,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HON. Brighton Jones LLC grew its holdings in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after purchasing an additional 1,582 shares during the period. American Century Companies Inc. grew its holdings in Honeywell International by 5.2% during the fourth quarter. American Century Companies Inc. now owns 292,718 shares of the conglomerate's stock worth $66,122,000 after purchasing an additional 14,408 shares during the period. LPL Financial LLC grew its holdings in Honeywell International by 4.6% during the fourth quarter. LPL Financial LLC now owns 725,863 shares of the conglomerate's stock worth $163,965,000 after purchasing an additional 32,011 shares during the period. Interchange Capital Partners LLC bought a new position in Honeywell International during the fourth quarter worth about $206,000. Finally, CoreFirst Bank & Trust bought a new position in Honeywell International during the fourth quarter worth about $506,000. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on HON. Royal Bank Of Canada reduced their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Citigroup increased their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Bank of America raised 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 report 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.00.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $0.24 during midday trading on Friday, reaching $224.24. The company's stock had a trading volume of 5,645,057 shares, compared to its average volume of 3,343,010. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.95 and a current ratio of 1.29. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The business's 50 day moving average price is $229.41 and its two-hundred day moving average price is $216.97. The company has a market cap of $144.11 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.52 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.49 EPS. On average, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International's payout ratio is 51.95%.

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.