Cardinal Capital Management Inc. Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Cardinal Capital Management Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,355 shares of the conglomerate’s stock after buying an additional 3,720 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Honeywell International were worth $27,603,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on HON shares. Barclays decreased their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company increased their price objective on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, Morgan Stanley increased their price objective on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.14.

Honeywell International Stock Performance

NASDAQ:HON opened at $227.13 on Tuesday. The firm has a market capitalization of $145.97 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The business’s fifty day moving average price is $210.66 and its 200 day moving average price is $216.06. 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 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Honeywell International Company 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.