Lederer & Associates Investment Counsel CA Takes Position in Honeywell International Inc. (NYSE:HON)


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Lederer & Associates Investment Counsel CA acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) in the first quarter, HoldingsChannel.com reports. The fund acquired 671 shares of the conglomerate’s stock, valued at approximately $146,000.

Other hedge funds have also modified their holdings of the company. Canton Hathaway LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $26,000. Curi Capital bought a new position in Honeywell International in the 4th quarter worth $29,000. Hoover Financial Advisors Inc. purchased a new stake in Honeywell International in the 4th quarter worth $33,000. ADE LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $33,000. Finally, Bellevue Asset Management LLC raised its position in Honeywell International by 62.0% in the 4th quarter. Bellevue Asset Management LLC now owns 162 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 62 shares during the period. 75.97% of the stock is owned by hedge funds and other institutional investors.

HON opened at $228.38 on Wednesday. The firm has a market capitalization of $158.84 billion, a P/E ratio of 32.62, a P/E/G ratio of 3.41 and a beta of 1.13. The firm’s 50 day moving average is $216.93 and its 200-day moving average is $202.71. Honeywell International Inc. has a 52-week low of $117.11 and a 52-week high of $232.35. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.97.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, January 28th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 7.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 12th. Stockholders of record on Friday, February 26th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Thursday, February 25th. Honeywell International’s payout ratio is currently 45.59%.

A number of research analysts have issued reports on HON shares. Credit Suisse Group raised their price target on shares of Honeywell International from $222.00 to $224.00 and gave the stock an “outperform” rating in a report on Thursday, April 1st. Morgan Stanley raised their target price on shares of Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, March 29th. Argus raised their price target on shares of Honeywell International from $195.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, February 1st. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, April 15th. Finally, UBS Group raised their price target on shares of Honeywell International from $180.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, January 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $208.67.

About Honeywell International

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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