Great Waters Wealth Management Purchases 5,784 Shares of Honeywell International Inc. (NASDAQ:HON)

Great Waters Wealth Management grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 48.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,642 shares of the conglomerate's stock after buying an additional 5,784 shares during the period. Honeywell International accounts for about 0.5% of Great Waters Wealth Management's investment portfolio, making the stock its 16th largest position. Great Waters Wealth Management's holdings in Honeywell International were worth $3,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HON. LaFleur & Godfrey LLC raised its position in shares of Honeywell International by 40.7% during the fourth quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock valued at $9,550,000 after buying an additional 12,227 shares during the last quarter. Brighton Jones LLC raised its position in shares of 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 last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $21,525,000. Silver Oak Securities Incorporated bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $227,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $173,000. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the subject of a number of recent research reports. Citigroup raised 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. Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company raised their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company 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 note on Thursday, May 15th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $248.14.

Honeywell International Stock Up 0.9%

NASDAQ:HON opened at $228.78 on Monday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market cap of $147.03 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The stock has a fifty day simple moving average of $210.44 and a 200-day simple moving average of $216.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping 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 the consensus estimate of $9.59 billion. During the same period last year, the company earned $2.25 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. Honeywell International's dividend payout ratio is presently 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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