NorthCrest Asset Manangement LLC Buys 3,631 Shares of Honeywell International Inc. (NASDAQ:HON)

NorthCrest Asset Manangement LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,709 shares of the conglomerate’s stock after purchasing an additional 3,631 shares during the period. Honeywell International makes up approximately 1.0% of NorthCrest Asset Manangement LLC’s holdings, making the stock its 19th largest holding. NorthCrest Asset Manangement LLC’s holdings in Honeywell International were worth $34,665,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sky Investment Group LLC grew its stake in shares of Honeywell International by 1.9% in the 1st quarter. Sky Investment Group LLC now owns 22,217 shares of the conglomerate’s stock valued at $4,704,000 after purchasing an additional 410 shares during the period. Compagnie Lombard Odier SCmA grew its position in Honeywell International by 8.1% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 386,186 shares of the conglomerate’s stock worth $81,775,000 after acquiring an additional 28,941 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its position in Honeywell International by 4.4% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 58,823 shares of the conglomerate’s stock worth $12,456,000 after acquiring an additional 2,463 shares during the last quarter. Spectrum Asset Management Inc. NB CA grew its position in Honeywell International by 1.8% during the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 22,900 shares of the conglomerate’s stock worth $4,849,000 after acquiring an additional 413 shares during the last quarter. Finally, apricus wealth LLC grew its position in Honeywell International by 15.8% during the 1st quarter. apricus wealth LLC now owns 3,652 shares of the conglomerate’s stock worth $773,000 after acquiring an additional 497 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $226.05 on Friday. The stock has a market capitalization of $145.28 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 2.51 and a beta of 1.08. The business has a 50-day moving average of $212.52 and a 200-day moving average of $216.17. 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 Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HON shares. Royal Bank of Canada increased their price target on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased 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. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Eight equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.