Fullcircle Wealth LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 43.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,875 shares of the conglomerate's stock after buying an additional 2,384 shares during the quarter. Fullcircle Wealth LLC's holdings in Honeywell International were worth $1,580,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HON. Avalon Trust Co boosted its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International in the 4th quarter worth $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the fourth quarter valued at $34,000. Curio Wealth LLC purchased a new stake in Honeywell International during the fourth quarter valued at about $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in Honeywell International during the fourth quarter worth about $37,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Stock Down 0.8%
Shares of HON traded down $1.94 during midday trading on Wednesday, hitting $237.87. The company had a trading volume of 1,048,648 shares, compared to its average volume of 3,841,150. The stock has a market cap of $152.87 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 2.73 and a beta of 1.07. The company's 50 day moving average price is $224.32 and its 200 day moving average price is $216.15. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. 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 announced 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. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. Honeywell International's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.
Honeywell International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.
Analyst Ratings Changes
A number of analysts have recently issued reports on HON shares. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research report on Wednesday, June 25th. Finally, Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.79.
View Our Latest Research Report 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.
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