MainStreet Investment Advisors LLC raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,323 shares of the conglomerate’s stock after buying an additional 4,029 shares during the period. Honeywell International comprises approximately 1.6% of MainStreet Investment Advisors LLC’s investment portfolio, making the stock its 14th biggest position. MainStreet Investment Advisors LLC’s holdings in Honeywell International were worth $12,619,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of HON. Aigen Investment Management LP acquired a new position in Honeywell International in the 1st quarter worth approximately $35,000. Westside Investment Management Inc. acquired a new position in Honeywell International in the 1st quarter worth approximately $36,000. PSI Advisors LLC acquired a new position in Honeywell International in the 4th quarter worth approximately $40,000. Efficient Wealth Management LLC acquired a new position in Honeywell International in the 1st quarter worth approximately $43,000. Finally, Filbrandt Wealth Management LLC acquired a new position in Honeywell International in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 77.14% of the company’s stock.
HON has been the subject of a number of recent analyst reports. William Blair reaffirmed a “market perform” rating on shares of Honeywell International in a research note on Monday, May 4th. Credit Suisse Group lifted their target price on shares of Honeywell International from $148.00 to $158.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Atlantic Securities lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and set a $158.00 target price for the company. in a research note on Tuesday, March 31st. Citigroup decreased their target price on shares of Honeywell International from $187.00 to $152.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, Daiwa Capital Markets raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 target price for the company in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $156.47.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.25. The business had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.56 billion. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. Honeywell International’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. As a group, equities research analysts predict that Honeywell International Inc. will post 6.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a $0.90 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.60 annualized dividend and a yield of 2.60%. Honeywell International’s dividend payout ratio (DPR) is presently 44.12%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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