Vickerman & Driscoll Financial Advisors Inc. raised its position in shares of Honeywell International Inc. (NYSE:HON) by 25.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,076 shares of the conglomerate’s stock after buying an additional 2,652 shares during the quarter. Vickerman & Driscoll Financial Advisors Inc.’s holdings in Honeywell International were worth $1,749,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Boston Private Wealth LLC raised its position in shares of Honeywell International by 4.7% in the 4th quarter. Boston Private Wealth LLC now owns 171,768 shares of the conglomerate’s stock valued at $30,403,000 after purchasing an additional 7,753 shares during the last quarter. Chelsea Counsel Co. raised its position in shares of Honeywell International by 3.0% in the 4th quarter. Chelsea Counsel Co. now owns 59,171 shares of the conglomerate’s stock valued at $10,474,000 after purchasing an additional 1,713 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Honeywell International by 5.7% in the 4th quarter. Baird Financial Group Inc. now owns 391,581 shares of the conglomerate’s stock valued at $69,310,000 after purchasing an additional 21,186 shares during the last quarter. Brighton Jones LLC raised its position in shares of Honeywell International by 11.9% in the 4th quarter. Brighton Jones LLC now owns 2,467 shares of the conglomerate’s stock valued at $437,000 after purchasing an additional 262 shares during the last quarter. Finally, Bluefin Trading LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $3,349,000. 76.51% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on HON. Citigroup decreased their price objective on shares of Honeywell International from $187.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Daiwa Capital Markets upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 price target on the stock in a report on Sunday, March 22nd. Robert W. Baird cut their price target on shares of Honeywell International from $190.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Morgan Stanley increased their price target on shares of Honeywell International from $130.00 to $137.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Finally, Atlantic Securities downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and set a $158.00 price target on the stock. in a report on Tuesday, March 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $156.47.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. The business had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.56 billion. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.92 EPS. Research analysts expect that Honeywell International Inc. will post 6.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.43%. Honeywell International’s dividend payout ratio (DPR) is 44.12%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
Further Reading: Straddles
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.