Tounjian Advisory Partners LLC Buys Shares of 15,250 Honeywell International Inc. (NASDAQ:HON)

Tounjian Advisory Partners LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,250 shares of the conglomerate’s stock, valued at approximately $3,229,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Valmark Advisers Inc. boosted its holdings in shares of 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 purchasing an additional 45 shares in the last quarter. Claris Advisors LLC MO boosted its stake in Honeywell International by 4.8% in the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after buying an additional 49 shares in the last quarter. Avantax Planning Partners Inc. grew its position in Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock valued at $777,000 after acquiring an additional 49 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC lifted its holdings in shares of Honeywell International by 0.6% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate’s stock worth $1,996,000 after acquiring an additional 50 shares during the last quarter. Finally, Spinnaker Trust increased its position in Honeywell International by 0.4% during the 4th quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate’s stock worth $2,558,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $228.78 on Monday. The business has a 50-day simple moving average of $210.44 and a 200 day simple moving average of $216.08. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. 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 firm has a market capitalization of $147.03 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the previous year, the company posted $2.25 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. Honeywell International’s dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

HON has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Wells Fargo & Company raised their price target 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. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Royal Bank of Canada increased their price target on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Finally, Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.14.

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.