Sequoia Financial Advisors LLC Has $46.06 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Sequoia Financial Advisors LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,529 shares of the conglomerate's stock after purchasing an additional 13,126 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Honeywell International were worth $46,062,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $25,000. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Up 1.1%

HON traded up $2.47 during trading on Friday, hitting $228.85. The company's stock had a trading volume of 4,994,254 shares, compared to its average volume of 3,822,945. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month 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 stock's fifty day moving average price is $218.94 and its 200-day moving average price is $215.62. The firm has a market capitalization of $147.08 billion, a P/E ratio of 26.30, a PEG ratio of 2.67 and a beta of 1.08.

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, beating the consensus estimate 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 in the previous year, the firm earned $2.25 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HON. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Barclays lifted their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. 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 price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $249.21.

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.