State of Alaska Department of Revenue Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

State of Alaska Department of Revenue increased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,162 shares of the conglomerate's stock after purchasing an additional 2,025 shares during the quarter. State of Alaska Department of Revenue's holdings in Honeywell International were worth $16,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. World Investment Advisors increased its stake in shares of Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after buying an additional 12,969 shares during the period. Coordinated Financial Services Inc. bought a new stake in Honeywell International in the 4th quarter worth $361,000. Schroder Investment Management Group increased its position in shares of Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after acquiring an additional 10,092 shares during the period. Raymond James Financial Inc. bought a new position in shares of Honeywell International during the fourth quarter valued at about $435,786,000. Finally, Dynasty Wealth Management LLC boosted its holdings in shares of Honeywell International by 52.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after purchasing an additional 3,879 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Barclays lifted their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Eight investment 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $249.21.

Honeywell International Stock Up 0.0%

NASDAQ HON traded up $0.08 during trading hours on Thursday, reaching $221.87. 3,598,316 shares of the company's stock traded hands, compared to its average volume of 3,824,052. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a 50-day simple moving average of $215.66 and a 200 day simple moving average of $215.90. The firm has a market cap of $142.59 billion, a PE ratio of 25.50, a PEG ratio of 2.59 and a beta of 1.08.

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 the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business's revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $2.25 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS 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 given a $1.13 dividend. 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 Company 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.