Dover Advisors LLC Buys 3,404 Shares of Honeywell International Inc. (NASDAQ:HON)

Dover Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 32.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,777 shares of the conglomerate’s stock after purchasing an additional 3,404 shares during the quarter. Honeywell International accounts for about 1.3% of Dover Advisors LLC’s holdings, making the stock its 18th largest position. Dover Advisors LLC’s holdings in Honeywell International were worth $2,917,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its stake in Honeywell International by 9.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 334,145 shares of the conglomerate’s stock worth $70,755,000 after acquiring an additional 29,504 shares during the last quarter. Pullen Investment Management LLC increased its stake in Honeywell International by 57.9% in the 1st quarter. Pullen Investment Management LLC now owns 7,628 shares of the conglomerate’s stock worth $1,615,000 after acquiring an additional 2,797 shares during the last quarter. West Branch Capital LLC increased its stake in Honeywell International by 18.5% in the 1st quarter. West Branch Capital LLC now owns 398 shares of the conglomerate’s stock worth $84,000 after acquiring an additional 62 shares during the last quarter. Marshall Financial Group LLC boosted its holdings in shares of Honeywell International by 2.1% in the 1st quarter. Marshall Financial Group LLC now owns 4,325 shares of the conglomerate’s stock worth $916,000 after purchasing an additional 91 shares in the last quarter. Finally, Bar Harbor Wealth Management boosted its holdings in shares of Honeywell International by 237.3% in the 1st quarter. Bar Harbor Wealth Management now owns 15,145 shares of the conglomerate’s stock worth $3,207,000 after purchasing an additional 10,655 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 0.8%

Shares of HON stock opened at $224.29 on Friday. The stock has a market capitalization of $144.15 billion, a PE ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The business has a 50-day moving average of $213.35 and a 200 day moving average of $216.13. 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 (NASDAQ:HON) last issued its 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 period in the prior year, the business posted $2.25 EPS. Honeywell International’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.14.

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.