KPP Advisory Services LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

KPP Advisory Services LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 260.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,795 shares of the conglomerate's stock after acquiring an additional 7,081 shares during the period. KPP Advisory Services LLC's holdings in Honeywell International were worth $2,074,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the fourth quarter worth approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in Honeywell International in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ HON traded up $4.59 on Thursday, hitting $226.38. 2,629,205 shares of the company's stock were exchanged, compared to its average volume of 3,808,009. The firm has a market cap of $145.49 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 2.62 and a beta of 1.08. The firm's 50-day moving average price is $217.70 and its two-hundred day moving average price is $215.79. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup increased their price target 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. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Eight investment 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's stock. Based on data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $249.21.

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.