Arkadios Wealth Advisors Has $3.32 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Arkadios Wealth Advisors increased its stake in Honeywell International by 181.2%, owning 15,655 shares valued at $3,315,000 at the end of the first quarter.
• Honeywell reported earnings of $2.75 per share, exceeding consensus estimates, along with an 8.1% year-over-year revenue growth to $10.35 billion in its latest quarterly report.
• The company announced a quarterly dividend of $1.13 per share, with an annualized yield of 2.03% and a payout ratio of 51.42%.

Arkadios Wealth Advisors boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 181.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,655 shares of the conglomerate's stock after purchasing an additional 10,087 shares during the quarter. Arkadios Wealth Advisors' holdings in Honeywell International were worth $3,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Honeywell International during the 4th quarter worth about $1,594,216,000. Capital Research Global Investors grew its holdings in shares of Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares during the period. Northern Trust Corp grew its holdings in shares of Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after purchasing an additional 337,199 shares during the period. Invesco Ltd. boosted its holdings in Honeywell International by 5.2% in the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock worth $1,193,923,000 after acquiring an additional 263,188 shares during the period. Finally, Capital International Investors boosted its holdings in Honeywell International by 8.3% in the 4th quarter. Capital International Investors now owns 2,230,845 shares of the conglomerate's stock worth $503,966,000 after acquiring an additional 170,270 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HON shares. Wells Fargo & Company decreased their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley upped their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Royal Bank Of Canada reduced their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note 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's stock. Based on data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $4.64 during trading hours on Friday, reaching $217.71. 3,966,403 shares of the stock were exchanged, compared to its average volume of 3,511,697. The firm has a market capitalization of $138.22 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 2.46 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. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock's fifty day simple moving average is $229.24 and its 200 day simple moving average is $217.08.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter last year, the company earned $2.49 EPS. The company's revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current 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 issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is 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.