Honeywell International Inc. (NASDAQ:HON) Shares Bought by Weaver Capital Management LLC

Weaver Capital Management LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,274 shares of the conglomerate’s stock after acquiring an additional 239 shares during the period. Weaver Capital Management LLC’s holdings in Honeywell International were worth $1,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HON. Claris Advisors LLC MO raised its holdings in shares of Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after purchasing an additional 49 shares in the last quarter. Avantax Planning Partners Inc. raised its holdings in shares of Honeywell International by 1.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock valued at $777,000 after purchasing an additional 49 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in shares of 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 in the last quarter. Cetera Trust Company N.A raised its holdings in shares of 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 in the last quarter. Finally, Bryn Mawr Capital Management LLC raised its holdings in shares of Honeywell International by 0.3% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 19,536 shares of the conglomerate’s stock valued at $4,413,000 after purchasing an additional 52 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada raised their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company raised their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $249.21.

Honeywell International Stock Performance

NASDAQ HON opened at $221.80 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a market capitalization of $142.55 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.59 and a beta of 1.08. The company’s fifty day moving average is $216.12 and its two-hundred day moving average is $215.87. 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 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 business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the business earned $2.25 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is currently 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.