Lafayette Investments Inc. Grows Position in Honeywell International Inc. (NASDAQ:HON)

Lafayette Investments Inc. raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,290 shares of the conglomerate’s stock after purchasing an additional 100 shares during the period. Lafayette Investments Inc.’s holdings in Honeywell International were worth $697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Claris Advisors LLC MO lifted its holdings in shares of Honeywell International by 4.8% in 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 during the period. Avantax Planning Partners Inc. lifted its stake in shares of Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock valued at $777,000 after purchasing an additional 49 shares during the period. Zions Bancorporation N.A. boosted its holdings in Honeywell International by 7.4% during the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate’s stock worth $164,000 after buying an additional 50 shares in the last quarter. Cetera Trust Company N.A grew its position in shares of Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate’s stock valued at $2,218,000 after acquiring an additional 50 shares during the period. Finally, Kennedy Investment Group increased its stake in shares of Honeywell International by 1.7% in the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate’s stock valued at $639,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HON. Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Barclays boosted their price target on Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 18th. Finally, Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Eight research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $249.21.

Honeywell International Trading Up 2.1%

Shares of HON opened at $226.38 on Friday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a market capitalization of $145.49 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.59 and a beta of 1.08. The firm has a 50-day moving average price of $218.29 and a 200 day moving average price of $215.80. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON) last posted its quarterly 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. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 EPS. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

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.