Brookwood Investment Group LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Brookwood Investment Group LLC has acquired a new stake in Honeywell International, purchasing 1,227 shares valued at approximately $260,000.
• Several institutional investors, including Gateway Wealth Partners and Mowery & Schoenfeld Wealth Management, have also increased their positions in Honeywell, which is now owned 75.91% by institutional investors.
• Honeywell reported earnings of $2.75 per share for the last quarter, exceeding estimates, and announced a dividend of $1.13 per share set to be paid on September 5th.

Brookwood Investment Group LLC bought a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,227 shares of the conglomerate's stock, valued at approximately $260,000.

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

Honeywell International Stock Down 0.1%

Shares of Honeywell International stock traded down $0.24 on Friday, hitting $224.24. The company had a trading volume of 5,645,057 shares, compared to its average volume of 3,343,010. The stock has a 50-day moving average of $229.41 and a 200-day moving average of $216.97. 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 market capitalization of $144.11 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.52 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 announced 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 for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 earnings per share. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HON shares. Wells Fargo & Company cut their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday. Royal Bank Of Canada cut their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday. Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.00.

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.