Vickerman Investment Advisors Inc. Buys 2,334 Shares of Honeywell International Inc. (NASDAQ:HON)

Vickerman Investment Advisors Inc. raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 17,649 shares of the conglomerate’s stock after purchasing an additional 2,334 shares during the period. Vickerman Investment Advisors Inc.’s holdings in Honeywell International were worth $3,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Claris Advisors LLC MO grew its holdings in shares of Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after buying an additional 49 shares during the last quarter. Avantax Planning Partners Inc. raised its stake 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 acquiring an additional 49 shares during the last quarter. Zions Bancorporation N.A. grew its stake in Honeywell International by 7.4% during the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate’s stock valued at $164,000 after purchasing an additional 50 shares during the last quarter. Cetera Trust Company N.A grew its stake in Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate’s stock valued at $2,218,000 after purchasing an additional 50 shares during the last quarter. Finally, Kennedy Investment Group increased its holdings in shares of Honeywell International by 1.7% in the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate’s stock valued at $639,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HON shares. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Barclays upped their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $226.00 price objective on shares of Honeywell International in a research note on Wednesday, June 25th. Finally, Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Eight research 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.29.

Honeywell International Price Performance

NASDAQ:HON opened at $240.52 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock’s 50-day moving average price is $222.98 and its 200-day moving average price is $215.99. The stock has a market capitalization of $154.57 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the business posted $2.25 earnings per share. Honeywell International’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

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.