Alps Advisors Inc. Increases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Alps Advisors Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,935 shares of the conglomerate’s stock after buying an additional 269 shares during the period. Alps Advisors Inc.’s holdings in Honeywell International were worth $5,492,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HON. Capital World Investors bought a new stake in Honeywell International in the 4th quarter worth approximately $1,594,216,000. GAMMA Investing LLC increased its stake in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock worth $2,809,110,000 after acquiring an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp increased its stake in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after acquiring an additional 1,018,099 shares during the last quarter. Demars Financial Group LLC bought a new stake in Honeywell International in the 4th quarter worth approximately $155,407,000. Finally, Boston Partners increased its stake in Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after acquiring an additional 677,213 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HON shares. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on Honeywell International from $225.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.79.

Honeywell International Price Performance

NASDAQ:HON opened at $235.93 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The firm has a market cap of $151.63 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.69 and a beta of 1.07. The firm’s fifty day moving average is $225.84 and its two-hundred day moving average is $216.42.

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 company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.25 earnings per share. Research analysts expect 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. Investors of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) 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.