LPL Financial LLC Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

LPL Financial LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 817,104 shares of the conglomerate's stock after buying an additional 91,241 shares during the quarter. LPL Financial LLC owned 0.13% of Honeywell International worth $173,022,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HON. World Investment Advisors boosted 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 worth $5,057,000 after purchasing an additional 12,969 shares in the last quarter. Schroder Investment Management Group boosted its position in Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares in the last quarter. Red Door Wealth Management LLC boosted its position in Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares in the last quarter. Potomac Fund Management Inc. ADV purchased a new stake in Honeywell International during the fourth quarter worth $1,722,000. Finally, Petros Family Wealth LLC purchased a new stake in Honeywell International during the fourth quarter worth $383,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $225.08 on Tuesday. The company has a market cap of $144.65 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.52 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business has a fifty day simple moving average of $229.42 and a 200-day simple moving average of $216.99.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio is currently 51.42%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday. Finally, Morgan Stanley boosted their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.