Stephens Consulting LLC Increases Position in Honeywell International Inc. (NASDAQ:HON)

Stephens Consulting LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 124.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 668 shares of the conglomerate’s stock after acquiring an additional 371 shares during the period. Stephens Consulting LLC’s holdings in Honeywell International were worth $141,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. LaFleur & Godfrey LLC grew its stake in shares of Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate’s stock valued at $9,550,000 after buying an additional 12,227 shares during the period. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $21,525,000. Nations Financial Group Inc. IA ADV grew its stake in shares of Honeywell International by 4.4% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,850 shares of the conglomerate’s stock valued at $644,000 after buying an additional 120 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of Honeywell International by 12.7% in the 4th quarter. Congress Asset Management Co. now owns 67,092 shares of the conglomerate’s stock valued at $15,156,000 after buying an additional 7,574 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho upped their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. 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 price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, nine have given 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 a consensus rating of “Moderate Buy” and an average price target of $248.14.

Honeywell International Price Performance

Honeywell International stock opened at $224.09 on Tuesday. The firm has a market cap of $144.02 billion, a PE ratio of 25.73, a price-to-earnings-growth 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. The company’s 50 day moving average is $214.18 and its two-hundred day moving average is $215.88.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (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 for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the business earned $2.25 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. 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.