Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Wealthspire Advisors LLC

Key Points

• Wealthspire Advisors LLC significantly increased its stake in Honeywell International by 111% during Q1, owning a total of 15,768 shares valued at approximately $3.34 million.
• Honeywell reported $2.75 EPS for the recent quarter, exceeding analysts' estimates, with revenues reaching $10.35 billion, an increase of 8.1% year-over-year.
• The company declared a quarterly dividend of $1.13 per share, reflecting an annualized dividend yield of 2.0%, with a payout ratio of 51.42%.

Wealthspire Advisors LLC grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 111.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,768 shares of the conglomerate's stock after purchasing an additional 8,294 shares during the quarter. Wealthspire Advisors LLC's holdings in Honeywell International were worth $3,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors acquired a new stake in Honeywell International during the 4th quarter worth $1,594,216,000. Capital Research Global Investors boosted its stake in 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 raised its position in 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 buying an additional 337,199 shares during the last quarter. Capital International Investors raised its position in Honeywell International by 8.3% during the 4th quarter. Capital International Investors now owns 2,230,845 shares of the conglomerate's stock worth $503,966,000 after buying an additional 170,270 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Honeywell International by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,880,879 shares of the conglomerate's stock worth $398,276,000 after buying an additional 23,409 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Up 0.1%

NASDAQ:HON opened at $221.06 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The business's 50 day moving average is $229.11 and its two-hundred day moving average is $217.04. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market cap of $140.35 billion, a PE ratio of 25.15, a P/E/G ratio of 2.49 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 EPS. On average, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.

Wall Street Analyst Weigh In

HON has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Morgan Stanley upped their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International 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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.