Honeywell International Inc. (NASDAQ:HON) Position Increased by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP increased its stake in Honeywell International Inc. (NASDAQ:HON) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,001 shares of the conglomerate’s stock after purchasing an additional 67 shares during the period. L. Roy Papp & Associates LLP’s holdings in Honeywell International were worth $635,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HON. LaFleur & Godfrey LLC lifted its holdings in shares of Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate’s stock worth $9,550,000 after purchasing an additional 12,227 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $21,525,000. Optas LLC lifted its holdings in shares of Honeywell International by 21.6% in the 4th quarter. Optas LLC now owns 1,215 shares of the conglomerate’s stock worth $274,000 after purchasing an additional 216 shares during the last quarter. Finally, Avitas Wealth Management LLC raised its stake in Honeywell International by 0.7% during the 4th quarter. Avitas Wealth Management LLC now owns 22,141 shares of the conglomerate’s stock valued at $5,001,000 after acquiring an additional 144 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on HON. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Barclays cut their target price on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company lifted their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Eight investment 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. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $248.14.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $227.45 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $146.18 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.51 and a beta of 1.07. The stock’s fifty day simple moving average is $209.84 and its 200 day simple moving average is $216.23. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last issued its 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. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 EPS. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is presently 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.