Firethorn Wealth Partners LLC Acquires New Position in Honeywell International Inc. (NASDAQ:HON)

Firethorn Wealth Partners LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,219 shares of the conglomerate's stock, valued at approximately $258,000.

A number of other large investors have also recently bought and sold shares of HON. World Investment Advisors increased its position in Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. bought a new position in Honeywell International during the 4th quarter worth $361,000. Schroder Investment Management Group lifted its holdings in Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after buying an additional 10,092 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Honeywell International in the 4th quarter valued at about $435,786,000. Finally, Dynasty Wealth Management LLC increased its position in Honeywell International by 52.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock valued at $2,559,000 after purchasing an additional 3,879 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on HON shares. Wells Fargo & Company increased their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Mizuho boosted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Price Performance

NASDAQ:HON traded down $0.78 during trading hours on Thursday, hitting $226.67. 3,247,378 shares of the stock traded hands, compared to its average volume of 3,818,965. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $145.68 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The stock has a 50 day moving average price of $209.84 and a 200 day moving average price of $216.23.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company earned $2.25 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. Honeywell International's payout ratio is presently 51.95%.

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.