Sterneck Capital Management LLC Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Sterneck Capital Management LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 127.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,395 shares of the conglomerate's stock after acquiring an additional 1,343 shares during the quarter. Sterneck Capital Management LLC's holdings in Honeywell International were worth $507,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HON. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $25,000. Avalon Trust Co boosted its position in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International in the fourth quarter worth about $35,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 0.6%

Honeywell International stock traded up $1.25 during trading hours on Tuesday, hitting $226.77. The stock had a trading volume of 2,808,983 shares, compared to its average volume of 3,821,843. The stock's 50-day moving average price is $209.24 and its 200-day moving average price is $216.08. The stock has a market capitalization of $145.74 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HON. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company boosted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Barclays lowered their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Citigroup reduced their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Eight research analysts have rated the stock with a hold rating, nine have issued 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 an average price target of $245.57.

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.