7,667 Shares in Honeywell International Inc. (NASDAQ:HON) Acquired by Yoffe Investment Management LLC

Yoffe Investment Management LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,667 shares of the conglomerate's stock, valued at approximately $1,732,000. Honeywell International accounts for about 2.5% of Yoffe Investment Management LLC's holdings, making the stock its 5th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the stock. LaFleur & Godfrey LLC grew its stake in Honeywell International by 40.7% in the fourth quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock valued at $9,550,000 after purchasing an additional 12,227 shares in the last quarter. Brighton Jones LLC grew its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. RFG Advisory LLC grew its stake in Honeywell International by 11.6% in the fourth quarter. RFG Advisory LLC now owns 2,872 shares of the conglomerate's stock valued at $649,000 after purchasing an additional 299 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Honeywell International by 199.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,084 shares of the conglomerate's stock valued at $3,181,000 after purchasing an additional 9,373 shares in the last quarter. Finally, Grimes & Company Inc. grew its stake in Honeywell International by 8.5% in the fourth quarter. Grimes & Company Inc. now owns 7,519 shares of the conglomerate's stock valued at $1,699,000 after purchasing an additional 587 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HON shares. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays dropped their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Finally, Morgan Stanley lifted their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $245.57.

Honeywell International Price Performance

Shares of HON traded down $0.34 during midday trading on Friday, hitting $224.85. The company's stock had a trading volume of 8,299,549 shares, compared to its average volume of 3,828,422. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company's fifty day simple moving average is $208.99 and its two-hundred day simple moving average is $216.32. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $144.51 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share 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 business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the company posted $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio is 51.95%.

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.