Valeo Financial Advisors LLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Valeo Financial Advisors LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 21,881 shares of the conglomerate's stock after buying an additional 1,144 shares during the period. Valeo Financial Advisors LLC's holdings in Honeywell International were worth $4,633,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Avalon Trust Co boosted its holdings in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International in the 4th quarter worth about $29,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International in the 4th quarter worth about $34,000. Curio Wealth LLC acquired a new stake in Honeywell International in the 4th quarter worth about $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in Honeywell International in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.4%

Shares of Honeywell International stock opened at $240.33 on Tuesday. The company has a 50-day moving average of $223.75 and a two-hundred day moving average of $215.99. The stock has a market cap of $154.45 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 released its quarterly 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. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the business earned $2.25 earnings per share. The company's quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared 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. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Bank of America raised 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. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a research report on Wednesday, June 25th. Finally, Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Eight equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.29.

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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