Violich Capital Management Inc. Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Violich Capital Management Inc. grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,186 shares of the conglomerate’s stock after purchasing an additional 705 shares during the quarter. Honeywell International makes up about 1.9% of Violich Capital Management Inc.’s portfolio, making the stock its 14th biggest holding. Violich Capital Management Inc.’s holdings in Honeywell International were worth $13,803,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Avalon Trust Co increased its holdings in shares of 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 purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International in the 4th quarter worth $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International in the 4th quarter worth $34,000. Curio Wealth LLC purchased a new stake in Honeywell International in the 4th quarter worth $35,000. Finally, Alexis Investment Partners LLC purchased a new stake in Honeywell International in the 4th quarter worth $37,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.9%

NASDAQ HON opened at $238.06 on Tuesday. The firm’s 50-day moving average is $226.32 and its two-hundred day moving average is $216.29. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The stock has a market capitalization of $153.00 billion, a P/E ratio of 27.36, a PEG ratio of 2.68 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.25 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. 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 report on Wednesday, May 7th. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company lifted their price objective on Honeywell International from $225.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.79.

Honeywell International 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.