Leigh Baldwin & CO. LLC Purchases Shares of 545,816 Honeywell International Inc. (NASDAQ:HON)

Leigh Baldwin & CO. LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 545,816 shares of the conglomerate's stock, valued at approximately $123,294,000. Leigh Baldwin & CO. LLC owned approximately 0.08% of Honeywell International at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital World Investors acquired a new position in shares of Honeywell International in the fourth quarter valued at $1,594,216,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $435,786,000. ING Groep NV boosted its holdings in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after buying an additional 1,574,376 shares during the period. Cibc World Markets Corp grew its stake in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after buying an additional 1,018,099 shares during the last quarter. Finally, Demars Financial Group LLC bought a new position in Honeywell International in the 4th quarter valued at about $155,407,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Up 2.4%

Shares of Honeywell International stock traded up $5.11 during trading on Thursday, hitting $222.29. The company's stock had a trading volume of 4,132,899 shares, compared to its average volume of 3,763,342. The stock has a market cap of $142.86 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth 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 Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock has a 50-day moving average price of $205.65 and a two-hundred day moving average price of $215.45.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the prior year, the firm posted $2.25 earnings per share. The business's quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts anticipate 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 will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. 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. Citigroup lowered their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays decreased their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley boosted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus price target of $242.23.

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.