Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Vest Financial LLC

Vest Financial LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 65.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,744 shares of the conglomerate’s stock after buying an additional 4,236 shares during the quarter. Vest Financial LLC’s holdings in Honeywell International were worth $2,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valmark Advisers Inc. boosted its position in Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after purchasing an additional 45 shares during the period. Claris Advisors LLC MO raised its holdings in shares of Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after buying an additional 49 shares in the last quarter. Avantax Planning Partners Inc. raised its position in Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock worth $777,000 after purchasing an additional 49 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC lifted its position in Honeywell International by 0.6% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate’s stock valued at $1,996,000 after purchasing an additional 50 shares during the last quarter. Finally, Spinnaker Trust boosted its holdings in shares of Honeywell International by 0.4% during the fourth quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate’s stock worth $2,558,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Up 0.9%

NASDAQ:HON opened at $228.78 on Friday. The stock’s 50 day moving average price is $210.44 and its 200 day moving average price is $216.15. The company has a market capitalization of $147.03 billion, a PE ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. Honeywell International’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 year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.98%. Honeywell International’s payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HON shares. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Royal Bank of Canada upped their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Eight investment 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’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $248.14.

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.