Sowell Financial Services LLC Purchases 1,220 Shares of Honeywell International Inc. (NASDAQ:HON)

Sowell Financial Services LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,351 shares of the conglomerate's stock after buying an additional 1,220 shares during the period. Sowell Financial Services LLC's holdings in Honeywell International were worth $2,404,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Mainstream Capital Management LLC acquired a new position in Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co boosted its stake in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International in the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International in the 4th quarter worth approximately $35,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HON shares. Barclays raised their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. 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. Royal Bank Of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Finally, Mizuho increased their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eight equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Stock Up 0.0%

Shares of Honeywell International stock traded up $0.08 during midday trading on Thursday, reaching $221.87. 3,598,316 shares of the company's stock traded hands, compared to its average volume of 3,824,052. The company has a market cap of $142.59 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The company's 50 day simple moving average is $215.66 and its 200 day simple moving average is $215.90. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. 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 released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.25 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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 dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. 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.