Spinnaker Investment Group LLC Has $678,000 Position in Honeywell International Inc. (NASDAQ:HON)

Spinnaker Investment Group LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,204 shares of the conglomerate’s stock after purchasing an additional 100 shares during the quarter. Spinnaker Investment Group LLC’s holdings in Honeywell International were worth $678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co boosted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International during the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International during the fourth quarter valued at approximately $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $221.80 on Monday. The firm has a market cap of $142.55 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The business’s 50 day moving average is $216.12 and its 200-day moving average is $215.70.

Honeywell International (NASDAQ:HON) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HON shares. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Barclays increased their price target on Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, June 18th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Eight 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $249.21.

Honeywell International 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.