1,151 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Challenger Wealth Management

Challenger Wealth Management purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,151 shares of the conglomerate's stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Mainstream Capital Management LLC purchased a new stake in Honeywell International in the fourth quarter worth about $25,000. Avalon Trust Co increased its position in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International in the fourth quarter worth about $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the fourth quarter worth about $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HON. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Royal Bank of Canada upped their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Wells Fargo & Company upped their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Citigroup dropped their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $245.57.

Honeywell International Trading Up 0.3%

Shares of NASDAQ:HON traded up $0.58 during trading on Thursday, hitting $225.19. The company had a trading volume of 6,739,986 shares, compared to its average volume of 3,800,657. The stock has a market cap of $144.73 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a fifty day simple moving average of $208.47 and a two-hundred day simple moving average of $216.38. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company earned $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell International's dividend payout ratio is presently 51.95%.

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.