Tectonic Advisors LLC Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

Tectonic Advisors LLC grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 138.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,833 shares of the conglomerate's stock after purchasing an additional 1,646 shares during the quarter. Tectonic Advisors LLC's holdings in Honeywell International were worth $600,000 as of its most recent filing with the SEC.

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

Honeywell International Price Performance

NASDAQ HON traded up $1.46 during trading on Thursday, reaching $238.34. The company's stock had a trading volume of 1,394,373 shares, compared to its average volume of 3,851,882. The stock has a market capitalization of $153.18 billion, a PE ratio of 27.39, a P/E/G ratio of 2.67 and a beta of 1.07. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a fifty day moving average of $227.27 and a 200 day moving average of $216.56. 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 released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion during 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%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.25 EPS. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. 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 1.90%. Honeywell International's payout ratio is 51.95%.

Analysts Set New Price Targets

HON has been the topic of several research reports. Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. 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. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company upped their target price on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $250.79.

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.