Elyxium Wealth LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Elyxium Wealth LLC lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 311.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,532 shares of the conglomerate's stock after buying an additional 6,459 shares during the period. Honeywell International makes up about 0.8% of Elyxium Wealth LLC's portfolio, making the stock its 29th largest position. Elyxium Wealth LLC's holdings in Honeywell International were worth $1,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Gateway Wealth Partners LLC increased its stake in 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 last quarter. Zions Bancorporation N.A. increased its stake in Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after purchasing an additional 50 shares during the last quarter. Cetera Trust Company N.A increased its stake in 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 last quarter. Kennedy Investment Group increased its stake in 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 last quarter. Finally, Apollon Financial LLC increased its stake in Honeywell International by 3.3% in the first quarter. Apollon Financial LLC now owns 1,652 shares of the conglomerate's stock valued at $350,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Honeywell International stock traded down $1.83 during midday trading on Friday, reaching $236.54. The company's stock had a trading volume of 3,613,807 shares, compared to its average volume of 3,871,215. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock's 50 day simple moving average is $228.22 and its 200 day simple moving average is $216.65. The firm has a market capitalization of $152.02 billion, a PE ratio of 27.19, a P/E/G ratio of 2.69 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the business posted $2.25 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.91%. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Wells Fargo & Company increased their price objective on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. increased 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. Finally, Barclays increased their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $250.79.

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.