Alexander Labrunerie & CO. Inc. Invests $205,000 in Honeywell International Inc. (NASDAQ:HON)

Alexander Labrunerie & CO. Inc. bought a new position in Honeywell International Inc. (NASDAQ:HON) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 969 shares of the conglomerate’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International in the fourth quarter worth approximately $34,000. Alexis Investment Partners LLC purchased a new position in shares of Honeywell International in the fourth quarter worth approximately $37,000. Banque de Luxembourg S.A. purchased a new position in shares of Honeywell International in the fourth quarter worth approximately $38,000. Finally, Garde Capital Inc. purchased a new position in shares of Honeywell International in the first quarter worth approximately $42,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Finally, 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 research report on Friday, May 16th. Eight research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.79.

Honeywell International Stock Performance

HON stock opened at $238.65 on Friday. The firm has a market cap of $153.38 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 2.69 and a beta of 1.07. The firm has a 50-day simple moving average of $227.75 and a two-hundred day simple moving average of $216.64. 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 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

Honeywell International (NASDAQ:HON) last announced 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. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $2.25 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 yield of 1.89%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio is presently 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.