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Founders Financial Alliance LLC Purchases 1,278 Shares of Honeywell International Inc. (NASDAQ:HON)

Honeywell International logo with Multi-Sector Conglomerates background

Key Points

  • Founders Financial Alliance LLC increased its stake in Honeywell International Inc. by 13.9% during Q1, owning a total of 10,494 shares valued at approximately $2.22 million.
  • A number of analysts have recently upgraded their ratings on Honeywell International, with Bank of America raising its target price to $250.00 and JPMorgan increasing it to $217.00.
  • Honeywell International reported earnings of $2.75 per share for the latest quarter, surpassing analysts' expectations, and anticipates a total of $10.34 earnings per share for the current fiscal year.
  • Want stock alerts on Honeywell International? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Founders Financial Alliance LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 10,494 shares of the conglomerate's stock after buying an additional 1,278 shares during the period. Founders Financial Alliance LLC's holdings in Honeywell International were worth $2,222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital World Investors purchased a new position in Honeywell International during the fourth quarter worth about $1,594,216,000. GAMMA Investing LLC increased its holdings in Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Honeywell International by 592.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after buying an additional 742,281 shares in the last quarter. Demars Financial Group LLC purchased a new position in Honeywell International in the fourth quarter valued at about $155,407,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in Honeywell International in the fourth quarter valued at about $123,294,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON stock traded down $0.25 during mid-day trading on Friday, reaching $216.33. The company's stock had a trading volume of 3,058,993 shares, compared to its average volume of 3,795,408. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a market cap of $137.35 billion, a P/E ratio of 24.61, a PEG ratio of 2.44 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm's 50-day moving average is $228.66 and its two-hundred day moving average is $216.91.

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, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $2.49 EPS. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, 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. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $254.00.

Check Out Our Latest Stock Analysis on HON

About Honeywell International

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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