Assetmark Inc. Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Assetmark Inc. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 60.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,492 shares of the conglomerate's stock after acquiring an additional 8,455 shares during the period. Assetmark Inc.'s holdings in Honeywell International were worth $4,763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the 4th quarter worth $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at $34,000. Alexis Investment Partners LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $37,000. Banque de Luxembourg S.A. acquired a new stake in shares of Honeywell International in the 4th quarter worth $38,000. Finally, Garde Capital Inc. acquired a new stake in Honeywell International during the 1st quarter worth about $42,000. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Down 1.5%

HON traded down $3.36 during trading on Tuesday, hitting $221.72. The company's stock had a trading volume of 3,645,497 shares, compared to its average volume of 3,429,835. The firm's 50 day moving average price is $229.35 and its 200-day moving average price is $217.03. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock has a market cap of $140.77 billion, a PE ratio of 25.22, a PEG ratio of 2.58 and a beta of 1.07. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.49 EPS. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International's payout ratio 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.