Smithbridge Asset Management Inc. DE Buys New Holdings in Honeywell International Inc. (NASDAQ:HON)

Smithbridge Asset Management Inc. DE acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,890 shares of the conglomerate's stock, valued at approximately $6,117,000.

A number of other large investors also recently made changes to their positions in the stock. Albert D Mason Inc. increased its holdings in Honeywell International by 1.8% in the first quarter. Albert D Mason Inc. now owns 8,111 shares of the conglomerate's stock valued at $1,718,000 after purchasing an additional 144 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in Honeywell International by 12.9% in the first quarter. Quintet Private Bank Europe S.A. now owns 10,658 shares of the conglomerate's stock valued at $2,257,000 after purchasing an additional 1,214 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Honeywell International by 2.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 163,709 shares of the conglomerate's stock worth $34,665,000 after purchasing an additional 3,631 shares during the period. Sky Investment Group LLC boosted its position in shares of Honeywell International by 1.9% during the first quarter. Sky Investment Group LLC now owns 22,217 shares of the conglomerate's stock worth $4,704,000 after purchasing an additional 410 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its position in shares of Honeywell International by 8.1% during the first quarter. Compagnie Lombard Odier SCmA now owns 386,186 shares of the conglomerate's stock worth $81,775,000 after purchasing an additional 28,941 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on HON shares. Royal Bank of Canada raised their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Barclays lowered their target price on 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 increased their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Stock Down 0.8%

Shares of NASDAQ:HON traded down $1.76 during midday trading 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 company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The business's 50 day moving average price is $212.52 and its 200 day moving average price is $216.17. The stock has a market cap of $144.15 billion, a PE ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The business 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 35.78% and a net margin of 14.82%. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 earnings per share. Research 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 was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 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.