25,624 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,624 shares of the conglomerate’s stock, valued at approximately $5,900,000. Honeywell International comprises about 1.5% of Cypress Asset Management Inc. TX’s holdings, making the stock its 19th largest position.

A number of other hedge funds have also bought and sold shares of HON. Ameriflex Group Inc. bought a new stake in Honeywell International in the fourth quarter valued at $403,000. United Advisor Group LLC increased its stake in Honeywell International by 22.2% in the fourth quarter. United Advisor Group LLC now owns 2,267 shares of the conglomerate’s stock valued at $512,000 after purchasing an additional 412 shares in the last quarter. Challenger Wealth Management bought a new stake in Honeywell International in the fourth quarter valued at $260,000. Ascent Group LLC increased its stake in Honeywell International by 23.0% in the fourth quarter. Ascent Group LLC now owns 21,167 shares of the conglomerate’s stock valued at $4,781,000 after purchasing an additional 3,964 shares in the last quarter. Finally, Putney Financial Group LLC bought a new stake in Honeywell International in the fourth quarter valued at $118,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HON. Mizuho lifted their price target 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. Barclays reduced their price objective 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. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Eight equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $245.57.

Honeywell International Stock Down 0.7%

Honeywell International stock opened at $222.03 on Friday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $142.69 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The firm’s 50-day simple moving average is $207.60 and its 200 day simple moving average is $216.24. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the previous year, the company earned $2.25 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International’s dividend payout ratio is 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.