Bleakley Financial Group LLC Buys 11,238 Shares of Honeywell International Inc. (NASDAQ:HON)

Bleakley Financial Group LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 47.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,011 shares of the conglomerate’s stock after acquiring an additional 11,238 shares during the quarter. Bleakley Financial Group LLC’s holdings in Honeywell International were worth $7,414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HON. MTM Investment Management LLC grew its position in shares of Honeywell International by 42.5% in the 1st quarter. MTM Investment Management LLC now owns 8,050 shares of the conglomerate’s stock valued at $1,718,000 after purchasing an additional 2,400 shares during the period. Prudent Man Advisors LLC grew its position in shares of Honeywell International by 4.3% in the 1st quarter. Prudent Man Advisors LLC now owns 7,041 shares of the conglomerate’s stock valued at $1,491,000 after purchasing an additional 290 shares during the period. Marks Group Wealth Management Inc grew its position in shares of Honeywell International by 3.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 44,904 shares of the conglomerate’s stock valued at $9,508,000 after purchasing an additional 1,483 shares during the period. CWM LLC grew its position in shares of Honeywell International by 1.2% in the 1st quarter. CWM LLC now owns 43,724 shares of the conglomerate’s stock valued at $9,258,000 after purchasing an additional 512 shares during the period. Finally, TFR Capital LLC. grew its position in shares of Honeywell International by 286.8% in the 1st quarter. TFR Capital LLC. now owns 3,508 shares of the conglomerate’s stock valued at $743,000 after purchasing an additional 2,601 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $235.93 on Monday. The stock’s 50-day simple moving average is $225.84 and its 200 day simple moving average is $216.23. The firm has a market capitalization of $151.63 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $2.25 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $226.00 price target on shares of Honeywell International in a research report on Wednesday, June 25th. Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. 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. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $250.79.

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.