Axxcess Wealth Management LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 274.5% in the 4th quarter, HoldingsChannel reports. The fund owned 107,598 shares of the conglomerate’s stock after buying an additional 78,864 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Honeywell International were worth $20,991,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in HON. FSM Wealth Advisors LLC raised its stake in shares of Honeywell International by 1.1% during the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock worth $825,000 after buying an additional 46 shares in the last quarter. Meridian Financial Partners LLC grew its holdings in Honeywell International by 3.8% during the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock valued at $245,000 after buying an additional 46 shares during the last quarter. Facet Wealth Inc. grew its holdings in Honeywell International by 3.6% during the 4th quarter. Facet Wealth Inc. now owns 1,343 shares of the conglomerate’s stock valued at $291,000 after buying an additional 47 shares during the last quarter. EPG Wealth Management LLC grew its holdings in Honeywell International by 0.5% during the 4th quarter. EPG Wealth Management LLC now owns 10,049 shares of the conglomerate’s stock valued at $1,960,000 after buying an additional 49 shares during the last quarter. Finally, Willow Creek Wealth Management Inc. grew its holdings in Honeywell International by 2.2% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock valued at $490,000 after buying an additional 50 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Price Performance
NASDAQ:HON opened at $227.92 on Friday. The firm has a market cap of $144.42 billion, a P/E ratio of 32.28, a PEG ratio of 3.20 and a beta of 0.82. Honeywell International Inc. has a 52-week low of $186.76 and a 52-week high of $248.18. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The business’s 50-day moving average price is $223.63 and its 200 day moving average price is $216.54.
Honeywell International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a $1.19 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International’s payout ratio is 67.42%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on HON. TD Cowen reduced their target price on Honeywell International from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and set a $268.00 price objective on shares of Honeywell International in a research note on Monday, April 27th. BMO Capital Markets began coverage on Honeywell International in a research note on Friday, March 27th. They set an “outperform” rating and a $273.00 price objective on the stock. Argus boosted their price objective on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group reduced their price objective on Honeywell International from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $247.83.
Get Our Latest Stock Analysis on Honeywell International
About Honeywell International
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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