Albert D Mason Inc. Increases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Albert D Mason Inc. boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 1.8% in the first quarter, Holdings Channel.com reports. The fund owned 8,111 shares of the conglomerate’s stock after buying an additional 144 shares during the quarter. Honeywell International comprises about 1.2% of Albert D Mason Inc.’s portfolio, making the stock its 25th largest holding. Albert D Mason Inc.’s holdings in Honeywell International were worth $1,718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth about $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON stock opened at $226.05 on Friday. The firm has a fifty day moving average of $212.52 and a two-hundred day moving average of $216.17. The firm has a market cap of $145.28 billion, a P/E ratio of 25.95, a P/E/G 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. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last released its 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. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HON. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Mizuho increased their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Royal Bank of Canada increased their price target 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. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.14.

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.