Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Plan Group Financial LLC

Key Points

• Plan Group Financial LLC significantly increased its stake in Honeywell International, raising holdings by 106.3% in Q1, which now totals 8,011 shares worth approximately $1.7 million.
• The company's stock price opened at $220.79 and has a 52-week range between $179.36 and $242.77, while predicting an EPS of 10.34 for the current year.
• Honeywell recently declared a quarterly dividend of $1.13 per share, reflecting an annualized payout of $4.52 and a dividend yield of 2.0%.

Plan Group Financial LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 106.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,011 shares of the conglomerate's stock after buying an additional 4,127 shares during the quarter. Plan Group Financial LLC's holdings in Honeywell International were worth $1,696,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HON. Red Door Wealth Management LLC grew its stake in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after acquiring an additional 736 shares during the period. Petros Family Wealth LLC acquired a new stake in Honeywell International in the 4th quarter valued at $383,000. Spinnaker Trust grew its stake in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after acquiring an additional 276 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in Honeywell International in the 4th quarter valued at $316,000. Finally, Tandem Investment Partners LLC acquired a new stake in Honeywell International in the 4th quarter valued at $618,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HON shares. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Morgan Stanley raised their price objective on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Barclays raised their price objective on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Eight equities research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Down 0.1%

HON traded down $0.25 on Friday, hitting $216.33. The company had a trading volume of 3,058,993 shares, compared to its average volume of 3,795,408. The firm has a market cap of $137.35 billion, a P/E ratio of 24.61, a PEG ratio of 2.44 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company's fifty day moving average price is $228.66 and its 200 day moving average price is $216.95. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 EPS. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's payout ratio is currently 51.42%.

About Honeywell International

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.