Quintet Private Bank Europe S.A. Raises Position in Honeywell International Inc. (NASDAQ:HON)

Quintet Private Bank Europe S.A. lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,658 shares of the conglomerate's stock after purchasing an additional 1,214 shares during the period. Quintet Private Bank Europe S.A.'s holdings in Honeywell International were worth $2,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mainstream Capital Management LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $25,000. Avalon Trust Co increased its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON stock traded down $1.76 during trading hours on Friday, reaching $224.29. The company had a trading volume of 2,497,010 shares, compared to its average volume of 3,818,611. The business has a fifty day moving average price of $212.52 and a 200-day moving average price of $216.17. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The firm has a market cap of $144.15 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

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, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the business posted $2.25 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International's dividend payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Barclays reduced their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. 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. Finally, Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price of $248.14.

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.