Honeywell International Inc. (NASDAQ:HON) Stock Holdings Increased by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its holdings in Honeywell International by 8.5%, acquiring an additional 6,622 shares, which now totals to 84,605 shares valued at approximately $17.9 million.
• Honeywell's quarterly earnings surpassed expectations, reporting $2.75 earnings per share and revenue of $10.35 billion, marking an 8.1% increase from the previous year.
• The company recently declared a quarterly dividend of $1.13 per share, which translates to an annualized yield of 2.02%, and has a dividend payout ratio of 51.95%.

HB Wealth Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,605 shares of the conglomerate's stock after purchasing an additional 6,622 shares during the quarter. HB Wealth Management LLC's holdings in Honeywell International were worth $17,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International in the fourth quarter valued at $29,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International during the fourth quarter worth $34,000. Alexis Investment Partners LLC acquired a new stake in Honeywell International during the fourth quarter worth $37,000. Banque de Luxembourg S.A. acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $38,000. Finally, Garde Capital Inc. acquired a new position in shares of Honeywell International in the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Mizuho raised their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Finally, Citigroup upped their price target 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. 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, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Up 0.6%

HON traded up $1.36 during trading on Wednesday, hitting $223.08. 1,778,651 shares of the company's stock were exchanged, compared to its average volume of 4,135,262. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $229.35 and a 200 day moving average price of $217.03. The firm has a market cap of $143.37 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 2.58 and a beta of 1.07. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company 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 period in the prior year, the company posted $2.49 EPS. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.03%. Honeywell International's dividend payout ratio is presently 51.42%.

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.