Griffin Asset Management Inc. Has $10.36 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Griffin Asset Management Inc. lessened its position in Honeywell International Inc. (NASDAQ:HON) by 0.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,907 shares of the conglomerate’s stock after selling 340 shares during the period. Honeywell International comprises approximately 1.3% of Griffin Asset Management Inc.’s holdings, making the stock its 25th biggest holding. Griffin Asset Management Inc.’s holdings in Honeywell International were worth $10,356,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Valmark Advisers Inc. lifted its position in Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after acquiring an additional 45 shares in the last quarter. Claris Advisors LLC MO lifted its position in Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after acquiring an additional 49 shares in the last quarter. Avantax Planning Partners Inc. raised its stake in 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 buying an additional 49 shares during the last quarter. Spinnaker Trust raised its stake in Honeywell International by 0.4% during the 4th quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate’s stock valued at $2,558,000 after buying an additional 50 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its stake in 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 buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HON shares. Wells Fargo & Company boosted 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. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Royal Bank of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. upped 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. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.14.

Honeywell International Price Performance

NASDAQ:HON opened at $224.29 on Friday. 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 business’s 50-day simple moving average is $213.35 and its two-hundred day simple moving average is $216.13. The stock has a market cap of $144.15 billion, a PE ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $2.25 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International’s payout ratio is 51.95%.

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.