Bard Financial Services Inc. Increases Stake in Honeywell International Inc. (NASDAQ:HON)

Bard Financial Services Inc. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.9% in the 1st quarter, HoldingsChannel reports. The fund owned 17,719 shares of the conglomerate’s stock after acquiring an additional 825 shares during the period. Bard Financial Services Inc.’s holdings in Honeywell International were worth $3,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC boosted its holdings in shares of Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate’s stock valued at $9,550,000 after buying an additional 12,227 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Honeywell International during the 4th quarter worth $21,525,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth $57,000. Finally, Savant Capital LLC grew its stake in shares of Honeywell International by 1.6% during the 4th quarter. Savant Capital LLC now owns 34,201 shares of the conglomerate’s stock worth $7,726,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HON shares. Wells Fargo & Company raised their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” 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. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Finally, Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.14.

Honeywell International Price Performance

NASDAQ HON opened at $226.26 on Wednesday. The stock’s 50-day moving average price is $211.06 and its two-hundred day moving average price is $216.13. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market cap of $145.41 billion, a PE ratio of 25.98, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share 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 company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the previous year, the business posted $2.25 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. Honeywell International’s 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.