Sequoia Financial Advisors LLC Acquires 13,126 Shares of Honeywell International Inc. (NASDAQ:HON)

Sequoia Financial Advisors LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 217,529 shares of the conglomerate’s stock after purchasing an additional 13,126 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Honeywell International were worth $46,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co lifted its position in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $35,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Mizuho raised 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. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Wells Fargo & Company increased their target price on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Bank of America raised 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. Finally, Barclays increased their target price on Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, June 18th. Eight 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.21.

Honeywell International Trading Down 1.3%

HON stock opened at $221.79 on Thursday. The business has a fifty day moving average price of $217.70 and a 200 day moving average price of $215.79. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market capitalization of $142.54 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period last year, the firm posted $2.25 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

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.