North Capital Inc. Makes New $150,000 Investment in Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

North Capital Inc. bought a new position in Honeywell International Inc. (NASDAQ:HON – Free Report) in the 1st quarter, Holdings Channel reports. The firm bought 707 shares of the conglomerate’s stock, valued at approximately $150,000.

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays lifted their price target on Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Mizuho raised their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $250.29.

Read Our Latest Research Report on Honeywell International

Honeywell International Stock Up 0.2%

Honeywell International stock opened at $239.26 on Thursday. The stock’s fifty day moving average is $221.36 and its two-hundred day moving average is $215.98. The stock has a market cap of $153.77 billion, a PE ratio of 27.50, a P/E/G ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year 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.

Honeywell International (NASDAQ:HON – Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the firm posted $2.25 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts expect 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. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is currently 51.95%.

Honeywell International Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON – Free Report).