Summit Asset Management LLC Has $1.79 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Summit Asset Management LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 39.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,430 shares of the conglomerate's stock after buying an additional 2,400 shares during the quarter. Summit Asset Management LLC's holdings in Honeywell International were worth $1,785,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors grew its holdings in Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after buying an additional 12,969 shares in the last quarter. Schroder Investment Management Group grew its holdings 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 purchasing an additional 10,092 shares during the period. Red Door Wealth Management LLC increased its position in Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares during the last quarter. Potomac Fund Management Inc. ADV purchased a new position in Honeywell International during the fourth quarter worth about $1,722,000. Finally, Petros Family Wealth LLC acquired a new position in Honeywell International in the 4th quarter valued at about $383,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HON. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Barclays increased their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 target price on shares of Honeywell International in a research note on Wednesday, June 25th. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $1.36 on Tuesday, hitting $236.58. The stock had a trading volume of 3,408,605 shares, compared to its average volume of 3,869,804. The stock has a market cap of $152.05 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.67 and a beta of 1.07. 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 price is $228.22 and its 200 day moving average price is $216.59. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

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 (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.91%. Honeywell International's dividend payout ratio (DPR) 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.