Honeywell International Inc. (NASDAQ:HON) Shares Purchased by West Branch Capital LLC

West Branch Capital LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 18.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 398 shares of the conglomerate’s stock after purchasing an additional 62 shares during the quarter. West Branch Capital LLC’s holdings in Honeywell International were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $25,000. Avalon Trust Co boosted its holdings in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on HON. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, Royal Bank of Canada upped their price target on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $248.14.

Honeywell International Trading Down 0.8%

NASDAQ:HON opened at $224.29 on Friday. The stock has a fifty day moving average price of $213.35 and a two-hundred day moving average price of $216.13. The stock has a market capitalization of $144.15 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.25 earnings per share. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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