OneAscent Family Office LLC Increases Position in Honeywell International Inc. (NASDAQ:HON)

OneAscent Family Office LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 128.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,364 shares of the conglomerate's stock after buying an additional 1,331 shares during the period. OneAscent Family Office LLC's holdings in Honeywell International were worth $502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International in the fourth quarter worth $34,000. Alexis Investment Partners LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at about $37,000. Banque de Luxembourg S.A. purchased a new position in Honeywell International during the 4th quarter valued at about $38,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $45,000. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of a number of research reports. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. 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 report on Friday, May 16th. Mizuho lifted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Eight investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $250.79.

Honeywell International Price Performance

Shares of HON stock traded down $1.83 on Friday, reaching $236.54. 3,613,807 shares of the company were exchanged, compared to its average volume of 3,871,215. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business has a 50-day moving average price of $228.22 and a 200 day moving average price of $216.65. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The company has a market cap of $152.02 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.69 and a beta of 1.07.

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

Honeywell International Dividend Announcement

The company also recently announced 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 1.91%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 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.