Kestra Private Wealth Services LLC Purchases 2,794 Shares of Honeywell International Inc. (NASDAQ:HON)

Kestra Private Wealth Services LLC increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,026 shares of the conglomerate's stock after purchasing an additional 2,794 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Honeywell International were worth $8,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the 4th quarter valued at $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at $34,000. Alexis Investment Partners LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at $37,000. Banque de Luxembourg S.A. purchased a new stake in shares of Honeywell International during the 4th quarter valued at $38,000. Finally, Garde Capital Inc. purchased a new stake in shares of Honeywell International during the 1st quarter valued at $42,000. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HON shares. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a research note on Wednesday, June 25th. Barclays raised their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company raised their target price on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Mizuho raised their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Trading Down 0.8%

Shares of Honeywell International stock opened at $236.54 on Friday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The stock has a market cap of $152.02 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. The company has a 50-day moving average of $228.22 and a two-hundred day moving average of $216.65.

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

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.91%. Honeywell International's dividend payout ratio (DPR) is currently 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.

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