Golden State Wealth Management LLC Buys 1,562 Shares of Honeywell International Inc. (NASDAQ:HON)

Golden State Wealth Management LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 204.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,327 shares of the conglomerate's stock after acquiring an additional 1,562 shares during the period. Golden State Wealth Management LLC's holdings in Honeywell International were worth $493,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Claris Advisors LLC MO lifted its position in Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock valued at $241,000 after buying an additional 49 shares during the period. Avantax Planning Partners Inc. lifted its position in Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after buying an additional 49 shares during the period. Zions Bancorporation N.A. lifted its position in Honeywell International by 7.4% during the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after buying an additional 50 shares during the period. Cetera Trust Company N.A lifted its position in Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after buying an additional 50 shares during the period. Finally, Kennedy Investment Group lifted its position in Honeywell International by 1.7% during the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock valued at $639,000 after buying an additional 51 shares during the period. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the subject of several recent research reports. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Barclays lifted their price target on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $226.38 on Friday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The business has a 50-day simple moving average of $218.29 and a two-hundred day simple moving average of $215.80. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The firm has a market cap of $145.49 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the firm earned $2.25 EPS. Honeywell International's revenue was up 7.9% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. Honeywell International's dividend payout ratio is currently 51.95%.

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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