Pullen Investment Management LLC Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Pullen Investment Management LLC grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 57.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,628 shares of the conglomerate's stock after buying an additional 2,797 shares during the period. Pullen Investment Management LLC's holdings in Honeywell International were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. West Branch Capital LLC lifted its position in shares of Honeywell International by 18.5% in the 1st quarter. West Branch Capital LLC now owns 398 shares of the conglomerate's stock worth $84,000 after purchasing an additional 62 shares during the period. Marshall Financial Group LLC lifted its holdings in Honeywell International by 2.1% in the first quarter. Marshall Financial Group LLC now owns 4,325 shares of the conglomerate's stock valued at $916,000 after buying an additional 91 shares during the period. Bar Harbor Wealth Management boosted its position in Honeywell International by 237.3% during the first quarter. Bar Harbor Wealth Management now owns 15,145 shares of the conglomerate's stock valued at $3,207,000 after acquiring an additional 10,655 shares during the last quarter. Smithbridge Asset Management Inc. DE acquired a new stake in Honeywell International during the 1st quarter worth about $6,117,000. Finally, Albert D Mason Inc. raised its position in shares of Honeywell International by 1.8% in the 1st quarter. Albert D Mason Inc. now owns 8,111 shares of the conglomerate's stock worth $1,718,000 after acquiring an additional 144 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on HON. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Barclays reduced their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $248.14.

Honeywell International Stock Down 1.0%

Honeywell International stock traded down $2.30 during midday trading on Tuesday, hitting $221.79. 3,105,264 shares of the stock were exchanged, compared to its average volume of 3,819,431. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The business's 50-day moving average price is $214.63 and its 200-day moving average price is $215.92. The stock has a market capitalization of $142.54 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 EPS. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced 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. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is presently 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.