Honeywell International Inc. (NASDAQ:HON) Shares Bought by AlphaCore Capital LLC

Key Points

• AlphaCore Capital LLC increased its position in Honeywell International Inc. by 367.3% during the first quarter, ending with 6,649 shares valued at approximately $1.41 million.
• A number of analysts have raised their price targets for Honeywell, with Citigroup setting a target of $265.00, reflecting strong investor confidence and a consensus rating of "Moderate Buy".
• Honeywell reported earnings of $2.75 per share, exceeding expectations, with quarterly revenue of $10.35 billion, showcasing an 8.1% year-over-year increase.

AlphaCore Capital LLC increased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 367.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,649 shares of the conglomerate's stock after purchasing an additional 5,226 shares during the period. AlphaCore Capital LLC's holdings in Honeywell International were worth $1,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HON. Vanguard Group Inc. raised its position in Honeywell International by 0.7% during the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after acquiring an additional 447,744 shares in the last quarter. Capital World Investors acquired a new position in shares of Honeywell International in the 4th quarter valued at $1,594,216,000. Capital Research Global Investors lifted its stake in shares of 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. Northern Trust Corp lifted its stake in shares of 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. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock valued at $1,278,563,000 after purchasing an additional 505,083 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $0.14 during trading hours on Monday, reaching $216.45. 2,410,224 shares of the company's stock were exchanged, compared to its average volume of 3,827,516. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $137.42 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08. The business has a fifty day moving average of $228.66 and a two-hundred day moving average of $216.85. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. 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 prior year, the firm earned $2.49 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's dividend payout ratio is presently 51.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HON shares. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada decreased their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Citigroup boosted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Barclays boosted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Eight research 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. According to MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

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.