Versant Capital Management Inc Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Versant Capital Management Inc grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 27.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,262 shares of the conglomerate’s stock after buying an additional 909 shares during the period. Versant Capital Management Inc’s holdings in Honeywell International were worth $902,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital World Investors acquired a new stake in shares of Honeywell International during the fourth quarter worth $1,594,216,000. Raymond James Financial Inc. purchased a new position in Honeywell International during the 4th quarter worth $435,786,000. ING Groep NV lifted its stake in shares of Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after acquiring an additional 1,574,376 shares during the period. Cibc World Markets Corp boosted its holdings in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC acquired a new position in shares of Honeywell International during the fourth quarter worth about $155,407,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HON. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Wells Fargo & Company raised their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Finally, Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Eight investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.57.

Honeywell International Stock Up 0.3%

HON stock opened at $225.19 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company’s 50 day simple moving average is $208.74 and its 200-day simple moving average is $216.38. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market capitalization of $144.73 billion, a PE ratio of 25.85, a P/E/G ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last announced its 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. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. Honeywell International’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) 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.