Confluence Wealth Services Inc. Acquires 2,697 Shares of Honeywell International Inc. (NASDAQ:HON)

Confluence Wealth Services Inc. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 131.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,756 shares of the conglomerate's stock after acquiring an additional 2,697 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Honeywell International were worth $938,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. World Investment Advisors raised its stake in shares of Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $361,000. Schroder Investment Management Group raised its stake in shares of Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after acquiring an additional 10,092 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $435,786,000. Finally, Potomac Fund Management Inc. ADV purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $1,722,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HON shares. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup raised their target price 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 raised their target price on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Stock Up 1.1%

Shares of Honeywell International stock opened at $228.85 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The company's fifty day simple moving average is $218.94 and its two-hundred day simple moving average is $215.71. The company has a market cap of $147.08 billion, a P/E ratio of 26.30, a PEG ratio of 2.67 and a beta of 1.08. 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 earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the previous year, the business posted $2.25 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Honeywell International 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.

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