Honeywell International Inc. (NASDAQ:HON) Shares Bought by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,042 shares of the conglomerate's stock after buying an additional 3,060 shares during the period. Honeywell International accounts for 1.6% of Stockman Wealth Management Inc.'s holdings, making the stock its 26th biggest position. Stockman Wealth Management Inc.'s holdings in Honeywell International were worth $10,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its holdings in Honeywell International by 1.2% during the first quarter. QRG Capital Management Inc. now owns 74,916 shares of the conglomerate's stock worth $15,864,000 after buying an additional 864 shares in the last quarter. Shikiar Asset Management Inc. raised its position in Honeywell International by 20.1% during the first quarter. Shikiar Asset Management Inc. now owns 47,968 shares of the conglomerate's stock worth $10,157,000 after acquiring an additional 8,035 shares during the period. Great Lakes Retirement Inc. raised its position in Honeywell International by 3.1% during the first quarter. Great Lakes Retirement Inc. now owns 43,660 shares of the conglomerate's stock worth $9,245,000 after acquiring an additional 1,315 shares during the period. Sowell Financial Services LLC raised its position in Honeywell International by 12.0% during the first quarter. Sowell Financial Services LLC now owns 11,351 shares of the conglomerate's stock worth $2,404,000 after acquiring an additional 1,220 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Honeywell International by 3.7% during the first quarter. Janney Montgomery Scott LLC now owns 296,890 shares of the conglomerate's stock worth $62,867,000 after acquiring an additional 10,536 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HON shares. Mizuho upped their price objective on shares of 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 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 research report on Wednesday, April 30th. Bank of America upgraded 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 report on Wednesday, May 7th. Royal Bank Of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research 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 issued a strong buy rating to the stock. According to data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $249.21.

Honeywell International Trading Up 0.0%

HON stock traded up $0.08 during mid-day trading on Thursday, hitting $221.87. 3,598,316 shares of the company were exchanged, compared to its average volume of 3,824,052. 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 firm has a market capitalization of $142.59 billion, a P/E ratio of 25.50, a PEG ratio of 2.59 and a beta of 1.08. The business has a fifty day simple moving average of $215.09 and a 200-day simple moving average of $215.96. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced 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. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the firm posted $2.25 earnings per share. Honeywell International's revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.04%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.