Empower Advisory Group LLC Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Empower Advisory Group LLC boosted its stake in Honeywell International Inc. by 1.3%, owning a total of 489,849 shares worth approximately $103.7 million.
• Honeywell reported a quarterly EPS of $2.75, surpassing analysts' expectations and showing an 8.1% year-over-year revenue increase to $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, reflecting a dividend yield of 2.0% and a payout ratio of 51.42%.

Empower Advisory Group LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 489,849 shares of the conglomerate's stock after acquiring an additional 6,459 shares during the period. Empower Advisory Group LLC owned 0.08% of Honeywell International worth $103,726,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC grew its position in Honeywell International by 11.0% during the 1st quarter. Costello Asset Management INC now owns 15,201 shares of the conglomerate's stock worth $3,219,000 after purchasing an additional 1,511 shares during the last quarter. Cary Street Partners Financial LLC grew its position in shares of Honeywell International by 13.9% during the 1st quarter. Cary Street Partners Financial LLC now owns 45,508 shares of the conglomerate's stock valued at $9,636,000 after acquiring an additional 5,558 shares during the period. Advyzon Investment Management LLC acquired a new stake in Honeywell International in the 1st quarter worth about $211,000. Plan Group Financial LLC lifted its stake in shares of Honeywell International by 106.3% in the first quarter. Plan Group Financial LLC now owns 8,011 shares of the conglomerate's stock worth $1,696,000 after buying an additional 4,127 shares in the last quarter. Finally, Sfmg LLC increased its position in Honeywell International by 6.0% during the first quarter. Sfmg LLC now owns 29,450 shares of the conglomerate's stock worth $6,236,000 after purchasing an additional 1,655 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Finally, Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Eight 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Price Performance

HON stock traded down $1.83 during trading on Wednesday, reaching $219.23. The company's stock had a trading volume of 2,790,995 shares, compared to its average volume of 3,732,723. The company's fifty day moving average is $229.11 and its 200-day moving average is $217.04. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $139.19 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Honeywell International Company 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.