Legacy Wealth Management LLC MS Purchases 1,915 Shares of Honeywell International Inc. (NASDAQ:HON)

Legacy Wealth Management LLC MS boosted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,336 shares of the conglomerate's stock after buying an additional 1,915 shares during the quarter. Honeywell International makes up about 1.3% of Legacy Wealth Management LLC MS's holdings, making the stock its 18th biggest position. Legacy Wealth Management LLC MS's holdings in Honeywell International were worth $3,883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. World Investment Advisors raised its position in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. bought a new position in Honeywell International during the fourth quarter valued at approximately $361,000. Costello Asset Management INC bought a new position in shares of Honeywell International during the 4th quarter valued at $3,092,000. Schroder Investment Management Group raised its holdings in shares of Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after purchasing an additional 10,092 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Honeywell International during the 4th quarter valued at $435,786,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

NASDAQ HON traded down $0.34 during trading hours on Friday, reaching $224.85. 8,299,549 shares of the company's stock were exchanged, compared to its average volume of 3,828,422. The stock has a market cap of $144.51 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The firm has a fifty day moving average of $208.99 and a 200-day moving average of $216.32. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.25 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada lifted their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $245.57.

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.