Castellan Group Buys 15,275 Shares of Honeywell International Inc. (NASDAQ:HON)

Castellan Group raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 158.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,889 shares of the conglomerate's stock after acquiring an additional 15,275 shares during the quarter. Honeywell International makes up approximately 1.5% of Castellan Group's investment portfolio, making the stock its 27th largest position. Castellan Group's holdings in Honeywell International were worth $5,270,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds have also recently made changes to their positions in HON. MONECO Advisors LLC increased its stake in shares of Honeywell International by 3.9% in the first quarter. MONECO Advisors LLC now owns 6,001 shares of the conglomerate's stock valued at $1,271,000 after buying an additional 226 shares during the period. ProVise Management Group LLC increased its stake in shares of Honeywell International by 11.3% in the first quarter. ProVise Management Group LLC now owns 1,399 shares of the conglomerate's stock valued at $296,000 after buying an additional 142 shares during the period. Howland Capital Management LLC increased its stake in shares of Honeywell International by 145.2% in the first quarter. Howland Capital Management LLC now owns 3,830 shares of the conglomerate's stock valued at $811,000 after buying an additional 2,268 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Honeywell International by 28.7% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,456 shares of the conglomerate's stock valued at $2,638,000 after buying an additional 2,774 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Honeywell International by 1.8% in the first quarter. Harbour Investments Inc. now owns 11,028 shares of the conglomerate's stock valued at $2,335,000 after buying an additional 195 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock opened at $222.35 on Friday. The company has a market cap of $141.17 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a 50 day moving average of $229.33 and a 200-day moving average of $217.08.

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Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Wall Street Analysts Forecast Growth

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Several research firms have recently issued reports on HON. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. increased their target price 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 given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Read Our Latest Analysis on HON

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.

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