Thomist Capital Management LP Invests $2.97 Million in Honeywell International Inc. (NASDAQ:HON)

Thomist Capital Management LP acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,100 shares of the conglomerate's stock, valued at approximately $2,968,000. Honeywell International accounts for approximately 0.7% of Thomist Capital Management LP's investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also bought and sold shares of the stock. Valmark Advisers Inc. raised its position in Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after acquiring an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. raised its position in Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC raised its position in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC raised its position in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after acquiring an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. lifted its holdings in shares of Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 0.1%

NASDAQ:HON traded up $0.12 during mid-day trading on Tuesday, reaching $225.06. The stock had a trading volume of 3,333,518 shares, compared to its average volume of 3,774,553. The business's 50 day moving average is $206.85 and its 200 day moving average is $216.00. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $144.64 billion, a P/E ratio of 25.84, a PEG ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Bank of America raised 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 note on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and upped their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. StockNews.com raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Citigroup reduced their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $245.23.

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.