44 Wealth Management LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

44 Wealth Management LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,158 shares of the conglomerate's stock after buying an additional 2,921 shares during the period. Honeywell International accounts for 1.1% of 44 Wealth Management LLC's investment portfolio, making the stock its 19th biggest position. 44 Wealth Management LLC's holdings in Honeywell International were worth $2,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after buying an additional 380,299 shares during the period. Geode Capital Management LLC boosted its holdings in Honeywell International by 4.4% in 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 position in Honeywell International in the 4th quarter valued at $1,594,216,000. Capital Research Global Investors boosted its holdings in Honeywell International by 5.5% in 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. Finally, Northern Trust Corp boosted its holdings in Honeywell International by 5.7% in 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. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Eight 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.29.

Honeywell International Trading Up 0.5%

NASDAQ:HON traded up $1.26 during trading hours on Friday, reaching $240.52. The company's stock had a trading volume of 1,903,189 shares, compared to its average volume of 3,843,036. The firm has a market capitalization of $154.57 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.75 and a beta of 1.07. The firm has a 50-day simple moving average of $222.98 and a 200-day simple moving average of $216.06. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 EPS. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's 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.