Saybrook Capital NC Increases Position in Honeywell International Inc. (NASDAQ:HON)

Saybrook Capital NC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,629 shares of the conglomerate's stock after buying an additional 1,889 shares during the period. Honeywell International accounts for about 3.0% of Saybrook Capital NC's investment portfolio, making the stock its 12th largest position. Saybrook Capital NC's holdings in Honeywell International were worth $10,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after acquiring an additional 380,299 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after acquiring an additional 627,422 shares during the last quarter. Capital World Investors purchased a new position in shares of Honeywell International in the fourth quarter valued at $1,594,216,000. Bank of New York Mellon Corp increased its position in Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after purchasing an additional 631,761 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after purchasing an additional 346,190 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent research reports. Bank of America raised 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 price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Eight 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

Honeywell International Trading Up 1.1%

Shares of NASDAQ HON traded up $2.43 during trading hours on Thursday, reaching $224.22. The stock had a trading volume of 589,971 shares, compared to its average volume of 3,800,064. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a market cap of $144.10 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 2.62 and a beta of 1.08. The business's fifty day moving average price is $217.70 and its two-hundred day moving average price is $215.79. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

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

Honeywell International Dividend Announcement

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

About Honeywell International

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.