Lynch & Associates IN Buys 329 Shares of Honeywell International Inc. (NASDAQ:HON)

Lynch & Associates IN lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,519 shares of the conglomerate’s stock after acquiring an additional 329 shares during the period. Honeywell International makes up about 1.3% of Lynch & Associates IN’s holdings, making the stock its 28th largest holding. Lynch & Associates IN’s holdings in Honeywell International were worth $5,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Strategic Advisors LLC boosted its holdings in shares of Honeywell International by 33.9% in the first quarter. Strategic Advisors LLC now owns 9,774 shares of the conglomerate’s stock worth $2,070,000 after acquiring an additional 2,477 shares during the period. Chicago Capital LLC boosted its stake in Honeywell International by 46.7% during the first quarter. Chicago Capital LLC now owns 15,815 shares of the conglomerate’s stock valued at $3,349,000 after buying an additional 5,032 shares during the period. AA Financial Advisors LLC boosted its stake in Honeywell International by 1.6% during the first quarter. AA Financial Advisors LLC now owns 4,005 shares of the conglomerate’s stock valued at $848,000 after buying an additional 63 shares during the period. Inscription Capital LLC bought a new stake in Honeywell International during the first quarter valued at $1,488,000. Finally, Blackston Financial Advisory Group LLC boosted its stake in Honeywell International by 22.4% during the first quarter. Blackston Financial Advisory Group LLC now owns 1,872 shares of the conglomerate’s stock valued at $397,000 after buying an additional 342 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 0.1%

Shares of NASDAQ:HON opened at $224.09 on Tuesday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market cap of $144.02 billion, a PE ratio of 25.73, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock’s 50-day moving average is $214.18 and its 200 day moving average is $215.88.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the previous year, the business earned $2.25 EPS. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. Honeywell International’s dividend payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

HON has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Wells Fargo & Company lifted 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. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Finally, Barclays dropped their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $248.14.

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.