Stonegate Investment Group LLC Buys 3,652 Shares of Honeywell International Inc. (NASDAQ:HON)

Stonegate Investment Group LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,274 shares of the conglomerate's stock after buying an additional 3,652 shares during the quarter. Honeywell International accounts for about 1.9% of Stonegate Investment Group LLC's investment portfolio, making the stock its 19th largest position. Stonegate Investment Group LLC owned 0.05% of Honeywell International worth $70,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. LaFleur & Godfrey LLC raised its stake in shares of Honeywell International by 40.7% in the fourth quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock valued at $9,550,000 after acquiring an additional 12,227 shares during the last quarter. Brighton Jones LLC increased its holdings in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Honeywell International in the 4th quarter valued at $21,525,000. Strategic Financial Concepts LLC boosted its stake in Honeywell International by 7.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,059 shares of the conglomerate's stock worth $239,000 after purchasing an additional 70 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Honeywell International by 9.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 22,068 shares of the conglomerate's stock worth $4,985,000 after purchasing an additional 1,924 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock opened at $221.80 on Friday. The stock has a market cap of $142.55 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The stock has a 50-day moving average of $216.12 and a 200-day moving average of $215.87. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 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 the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HON shares. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada raised their price objective 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. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Barclays upped their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $249.21.

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.

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