Thurston Springer Miller Herd & Titak Inc. Buys 3,019 Shares of Honeywell International Inc. (NASDAQ:HON)

Thurston Springer Miller Herd & Titak Inc. increased its stake in Honeywell International Inc. (NASDAQ:HON) by 31.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,516 shares of the conglomerate’s stock after purchasing an additional 3,019 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Honeywell International were worth $2,650,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co grew 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 buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $35,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $227.45 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm’s fifty day moving average price is $209.84 and its two-hundred day moving average price is $216.23. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a market capitalization of $146.18 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted 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 company had revenue of $9.82 billion during 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HON. Barclays decreased their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Wells Fargo & Company upped their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.14.

About Honeywell International

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.