Avantax Advisory Services Inc. Acquires 3,662 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Avantax Advisory Services Inc. increased its stake in Honeywell International by 6.4%, acquiring an additional 3,662 shares in the first quarter, bringing its total to 60,583 shares valued at approximately $12.83 million.
• Honeywell recently reported a quarterly earnings per share (EPS) of $2.75, exceeding analysts' expectations of $2.66, with a year-over-year revenue increase of 8.1%.
• The company announced a quarterly dividend of $1.13 per share, translating to a 2.02% yield, payable on September 5th to shareholders of record by August 15th.

Avantax Advisory Services Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,583 shares of the conglomerate's stock after purchasing an additional 3,662 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Honeywell International were worth $12,828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Gateway Wealth Partners LLC raised its position in shares of Honeywell International by 2.5% in the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after purchasing an additional 49 shares during the period. Cetera Trust Company N.A raised its position in shares of Honeywell International by 0.5% in the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after purchasing an additional 50 shares during the period. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of Honeywell International by 12.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock valued at $99,000 after purchasing an additional 50 shares during the period. VSM Wealth Advisory LLC raised its position in shares of Honeywell International by 4.8% in the first quarter. VSM Wealth Advisory LLC now owns 1,100 shares of the conglomerate's stock valued at $233,000 after purchasing an additional 50 shares during the period. Finally, Kennedy Investment Group raised its position in shares of Honeywell International by 1.7% in the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock valued at $639,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on HON. Mizuho increased their target price on shares of 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 lowered their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Barclays increased their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $252.00.

Honeywell International Trading Down 0.1%

HON traded down $0.24 during trading on Friday, hitting $224.24. 5,645,057 shares of the stock traded hands, compared to its average volume of 3,343,010. The firm has a market capitalization of $144.11 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.52 and a beta of 1.07. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.95. The firm has a 50-day moving average of $229.41 and a 200 day moving average of $216.97. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $10.01 billion. During the same quarter in the prior year, the company posted $2.49 EPS. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. Honeywell International's dividend payout ratio (DPR) is currently 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.