Minot DeBlois Advisors LLC Makes New $787,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Minot DeBlois Advisors LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,485 shares of the conglomerate's stock, valued at approximately $787,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the period. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $30,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on HON shares. Deutsche Bank Aktiengesellschaft raised 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. Morgan Stanley increased their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Citigroup decreased their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Barclays decreased their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.23.

Honeywell International Price Performance

Shares of HON traded up $0.59 during mid-day trading on Friday, hitting $222.88. 2,895,038 shares of the company traded hands, compared to its average volume of 3,764,659. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average of $205.82 and a 200 day moving average of $215.56. The stock has a market capitalization of $143.24 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.51 and a beta of 1.07.

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 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. Honeywell International's 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. Honeywell International's payout ratio is presently 51.95%.

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.