Strategic Advisors LLC Acquires 2,477 Shares of Honeywell International Inc. (NASDAQ:HON)

Strategic Advisors LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 33.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,774 shares of the conglomerate's stock after purchasing an additional 2,477 shares during the period. Strategic Advisors LLC's holdings in Honeywell International were worth $2,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valmark Advisers Inc. boosted its holdings in shares of Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares during the last quarter. Claris Advisors LLC MO lifted its position in Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after buying an additional 49 shares in the last quarter. Avantax Planning Partners Inc. boosted its stake in Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after buying an additional 49 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in Honeywell International by 7.4% in the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after buying an additional 50 shares in the last quarter. Finally, Cetera Trust Company N.A increased its stake in shares of Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.1%

Shares of NASDAQ:HON opened at $224.09 on Tuesday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company's 50 day moving average is $214.18 and its two-hundred day moving average is $215.88. The company has a market cap of $144.02 billion, a PE ratio of 25.73, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.25 earnings per share. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.02%. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HON. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Royal Bank of Canada raised their target price 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. Barclays decreased their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped 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 investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $248.14.

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.

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