Simon Quick Advisors LLC Boosts Position in Honeywell International Inc. (NASDAQ:HON)

Simon Quick Advisors LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 72.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,523 shares of the conglomerate’s stock after purchasing an additional 3,149 shares during the period. Simon Quick Advisors LLC’s holdings in Honeywell International were worth $1,593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. Valmark Advisers Inc. lifted its stake in Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after purchasing an additional 45 shares in the last quarter. Claris Advisors LLC MO raised its position in Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 49 shares during the period. Avantax Planning Partners Inc. raised its position in Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock worth $777,000 after purchasing an additional 49 shares during the period. Spinnaker Trust raised its position in Honeywell International by 0.4% in the 4th quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate’s stock worth $2,558,000 after purchasing an additional 50 shares during the period. Finally, Zions Bancorporation N.A. raised its position in Honeywell International by 7.4% in the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate’s stock worth $164,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HON. Royal Bank of Canada raised their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Mizuho lifted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Eight research 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 presently has an average rating of “Moderate Buy” and an average price target of $248.14.

Honeywell International Stock Down 0.2%

Shares of NASDAQ:HON opened at $225.82 on Thursday. The company has a market capitalization of $145.13 billion, a PE ratio of 25.93, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a 50 day simple moving average of $211.75 and a 200-day simple moving average of $216.20.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 14.82% and a return on equity of 35.78%. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 EPS. On average, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

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.