Fiduciary Wealth Partners LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Fiduciary Wealth Partners LLC has made a new investment in Honeywell International Inc., acquiring 1,378 shares worth approximately $292,000, which makes up about 0.3% of their portfolio.
• Honeywell reported a quarterly earnings of $2.75 per share, exceeding estimates, and saw revenue of $10.35 billion, representing an 8.1% year-over-year increase.
• The company has recently announced a quarterly dividend of $1.13 per share, translating to an annualized dividend of $4.52, with a yield of 2.1%.

Fiduciary Wealth Partners LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,378 shares of the conglomerate's stock, valued at approximately $292,000. Honeywell International comprises approximately 0.3% of Fiduciary Wealth Partners LLC's holdings, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its position in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after buying an additional 1,582 shares during the period. OneAscent Financial Services LLC acquired a new position in Honeywell International during the fourth quarter worth about $464,000. World Investment Advisors boosted its position in 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 during the last quarter. Arete Wealth Advisors LLC boosted its position in Honeywell International by 121.9% during the fourth quarter. Arete Wealth Advisors LLC now owns 9,187 shares of the conglomerate's stock worth $2,134,000 after acquiring an additional 5,046 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its position in Honeywell International by 21.9% during the fourth quarter. DF Dent & Co. Inc. now owns 4,293 shares of the conglomerate's stock worth $970,000 after acquiring an additional 771 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 1.4%

Shares of NASDAQ HON traded up $3.08 during mid-day trading on Monday, reaching $220.79. The company had a trading volume of 3,451,864 shares, compared to its average volume of 3,710,047. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The firm has a 50 day simple moving average of $229.24 and a two-hundred day simple moving average of $217.02. The stock has a market cap of $140.18 billion, a P/E ratio of 25.12, a PEG ratio of 2.46 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $2.49 EPS. Sell-side 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. Shareholders of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HON. Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Mizuho lifted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Royal Bank Of Canada reduced their target price on shares of 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. Finally, Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Eight investment 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.00.

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.