HB Wealth Management LLC Acquires 6,622 Shares of Honeywell International Inc. (NASDAQ:HON)

HB Wealth Management LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,605 shares of the conglomerate’s stock after acquiring an additional 6,622 shares during the period. HB Wealth Management LLC’s holdings in Honeywell International were worth $17,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock valued at $3,379,568,000 after purchasing an additional 627,422 shares during the period. Capital World Investors bought a new stake in shares of Honeywell International during the 4th quarter valued at $1,594,216,000. Capital Research Global Investors raised its position in shares of Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock valued at $1,500,141,000 after purchasing an additional 346,190 shares during the period. Northern Trust Corp raised its position in shares of Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate’s stock valued at $1,412,619,000 after purchasing an additional 337,199 shares during the period. Finally, Invesco Ltd. raised its position in shares of Honeywell International by 5.2% during the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate’s stock valued at $1,193,923,000 after purchasing an additional 263,188 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.1%

Shares of HON opened at $224.24 on Friday. The company’s fifty day moving average is $229.41 and its 200 day moving average is $216.99. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market capitalization of $144.11 billion, a PE ratio of 25.51, a P/E/G ratio of 2.53 and a beta of 1.07. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.95 and a current ratio of 1.29.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.49 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. Honeywell International’s dividend payout ratio is presently 51.95%.

Analysts Set New Price Targets

Several brokerages have recently commented on HON. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. 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. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company reduced their price target on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday. Eight investment 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. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $252.00.

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.