Yoffe Investment Management LLC Purchases New Shares in Honeywell International Inc. (NASDAQ:HON)

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

Several other large investors have also recently bought and sold shares of HON. Mainstream Capital Management LLC acquired a new position in Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co grew its holdings in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Honeywell International from $205.00 to $225.00 and gave the stock 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 target price on the stock in a research note on Wednesday, May 7th. Citigroup decreased their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. upped their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $245.57.

Honeywell International Trading Up 0.3%

Shares of HON traded up $0.58 during trading hours on Thursday, hitting $225.19. 6,740,096 shares of the stock traded hands, compared to its average volume of 3,804,477. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market capitalization of $144.73 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The business has a fifty day moving average of $208.47 and a 200-day moving average of $216.38.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.25 earnings per share. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm 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 $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is currently 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.