Bernard Wealth Management Corp. Invests $1.08 Million in Honeywell International Inc. (NASDAQ:HON)

Bernard Wealth Management Corp. acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,765 shares of the conglomerate's stock, valued at approximately $1,076,000.

A number of other institutional investors have also made changes to their positions in the stock. Yoffe Investment Management LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $1,732,000. Lakeshore Capital Group Inc. bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $647,000. Heck Capital Advisors LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $932,000. Leigh Baldwin & CO. LLC acquired a new stake in Honeywell International in the 4th quarter valued at $546,000. Finally, Integrated Advisors Network LLC boosted its stake in Honeywell International by 32.6% in the 4th quarter. Integrated Advisors Network LLC now owns 34,706 shares of the conglomerate's stock valued at $7,840,000 after buying an additional 8,539 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Citigroup decreased their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays reduced their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada boosted 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. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus price target of $245.57.

Honeywell International Stock Performance

Honeywell International stock traded down $0.34 during trading on Friday, hitting $224.85. The stock had a trading volume of 8,299,549 shares, compared to its average volume of 3,828,422. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock's 50 day moving average is $208.99 and its two-hundred day moving average is $216.32. The stock has a market cap of $144.51 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

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

Honeywell International Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.01%. Honeywell International's payout ratio is currently 51.95%.

Honeywell International Company Profile

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.