Vickerman Investment Advisors Inc. Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Vickerman Investment Advisors Inc. grew its position in Honeywell International Inc. (NASDAQ:HON) by 15.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 17,649 shares of the conglomerate’s stock after buying an additional 2,334 shares during the quarter. Vickerman Investment Advisors Inc.’s holdings in Honeywell International were worth $3,737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avalon Trust Co grew its stake in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International in the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $34,000. Curio Wealth LLC acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $35,000. Finally, Alexis Investment Partners LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HON. Royal Bank Of Canada reiterated a “sector perform” rating and set a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Mizuho raised their target price on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Barclays lifted their price target on Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, June 18th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Finally, Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Eight 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.29.

Honeywell International Trading Up 0.5%

NASDAQ HON opened at $240.52 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 stock has a market capitalization of $154.57 billion, a P/E ratio of 27.65, a PEG ratio of 2.75 and a beta of 1.07. The firm’s 50-day moving average is $222.98 and its two-hundred day moving average is $215.99. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $9.59 billion. During the same period in the previous year, the firm earned $2.25 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) 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.