N.E.W. Advisory Services LLC Acquires 507 Shares of Honeywell International Inc. (NASDAQ:HON)

N.E.W. Advisory Services LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 23.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,696 shares of the conglomerate’s stock after buying an additional 507 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Honeywell International were worth $571,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $34,000. Alexis Investment Partners LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $37,000. Banque de Luxembourg S.A. bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $38,000. Finally, Garde Capital Inc. bought a new stake in shares of Honeywell International during the first quarter valued at approximately $42,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Wells Fargo & Company dropped their target price on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday. Morgan Stanley boosted their target price on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $254.00.

Honeywell International Stock Performance

NASDAQ:HON opened at $225.08 on Tuesday. The stock has a 50-day simple moving average of $229.42 and a two-hundred day simple moving average of $216.99. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a market capitalization of $144.65 billion, a PE ratio of 25.61, a P/E/G ratio of 2.52 and a beta of 1.07.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

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.