Moseley Investment Management Inc. Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Moseley Investment Management Inc. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,324 shares of the conglomerate’s stock after purchasing an additional 225 shares during the quarter. Moseley Investment Management Inc.’s holdings in Honeywell International were worth $1,974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new stake in Honeywell International during the fourth quarter valued at approximately $25,000. Avalon Trust Co increased its holdings in shares of Honeywell International by 166.7% in the 4th 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 last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at approximately $29,000. Accredited Wealth Management LLC bought a new position in Honeywell International during the fourth quarter worth $34,000. Finally, Curio Wealth LLC bought a new position in Honeywell International during the fourth quarter worth $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.7%

Shares of HON stock opened at $227.13 on Tuesday. The firm has a market capitalization of $145.97 billion, a PE ratio of 26.08, a price-to-earnings-growth 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. The stock has a fifty day moving average of $210.66 and a two-hundred day moving average of $216.06.

Honeywell International (NASDAQ:HON) last announced its 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. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International’s payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. Royal Bank of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Finally, Barclays reduced their price objective on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.14.

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.