Compagnie Lombard Odier SCmA Buys 28,941 Shares of Honeywell International Inc. (NASDAQ:HON)

Compagnie Lombard Odier SCmA lifted its position in Honeywell International Inc. (NASDAQ:HON) by 8.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,186 shares of the conglomerate’s stock after purchasing an additional 28,941 shares during the quarter. Honeywell International accounts for about 1.0% of Compagnie Lombard Odier SCmA’s holdings, making the stock its 27th largest holding. Compagnie Lombard Odier SCmA owned approximately 0.06% of Honeywell International worth $81,775,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Mainstream Capital Management LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $25,000. Avalon Trust Co raised its holdings in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the 4th quarter valued at $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the 4th quarter worth $34,000. Finally, Curio Wealth LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at about $35,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.2%

Shares of NASDAQ HON opened at $225.82 on Thursday. The firm’s 50 day moving average price is $211.75 and its 200-day moving average price is $216.20. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market cap of $145.13 billion, a PE ratio of 25.93, a P/E/G ratio of 2.51 and a beta of 1.08.

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. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.00%. Honeywell International’s payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Barclays cut their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.