Morton Capital Management LLC CA Acquires 119 Shares of Honeywell International Inc. (NASDAQ:HON)

Morton Capital Management LLC CA grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,895 shares of the conglomerate’s stock after buying an additional 119 shares during the period. Morton Capital Management LLC CA’s holdings in Honeywell International were worth $1,248,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Valmark Advisers Inc. raised its position in shares of 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 position in shares of Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 49 shares during the period. Avantax Planning Partners Inc. raised its position in shares of 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 during the period. Spinnaker Trust raised its position 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. Finally, Zions Bancorporation N.A. raised its position in shares of 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 purchasing an additional 50 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.8%

Honeywell International stock opened at $224.29 on Friday. The business has a 50 day moving average price of $213.35 and a two-hundred day moving average price of $216.03. 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 stock has a market cap of $144.15 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced 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 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 presently 51.95%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HON shares. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Mizuho lifted their price target on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Barclays lowered their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. 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. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $248.14.

About Honeywell International

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.