Exencial Wealth Advisors LLC Has $12.98 Million Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Exencial Wealth Advisors LLC dramatically increased its holdings in Honeywell International Inc. by 3,502.5%, acquiring 61,279 shares valued at approximately $12.98 million during the first quarter.
• Analysts have mixed views on Honeywell, with Barclays upgrading the price target to $265 and Bank of America giving it a "buy" rating, while Royal Bank of Canada slightly lowered its target.
• Honeywell recently reported a quarterly EPS of $2.75, exceeding estimates, and announced a quarterly dividend of $1.13 per share with an annual yield of 2.0%.

Exencial Wealth Advisors LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3,502.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,279 shares of the conglomerate's stock after purchasing an additional 59,578 shares during the period. Exencial Wealth Advisors LLC's holdings in Honeywell International were worth $12,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC bought a new position in Honeywell International during the 4th quarter worth $29,000. Accredited Wealth Management LLC bought a new position in Honeywell International during the 4th quarter worth $34,000. Alexis Investment Partners LLC bought a new position in Honeywell International during the 4th quarter worth $37,000. Banque de Luxembourg S.A. bought a new position in Honeywell International during the 4th quarter worth $38,000. Finally, Garde Capital Inc. bought a new position in Honeywell International during the 1st quarter worth $42,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. Barclays raised their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada lowered their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Eight research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Up 0.1%

NASDAQ HON opened at $221.06 on Wednesday. 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 twelve month low of $179.36 and a twelve month high of $242.77. The company has a market cap of $140.35 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08. The business's fifty day moving average is $229.11 and its 200 day moving average is $217.04.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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 return on equity of 37.37% and a net margin of 14.30%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the business posted $2.49 EPS. Honeywell International's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.0%. Honeywell International's payout ratio 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.

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