Marks Group Wealth Management Inc Has $9.51 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Marks Group Wealth Management Inc boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,904 shares of the conglomerate's stock after buying an additional 1,483 shares during the quarter. Honeywell International accounts for approximately 0.9% of Marks Group Wealth Management Inc's holdings, making the stock its 22nd biggest holding. Marks Group Wealth Management Inc's holdings in Honeywell International were worth $9,508,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $1,594,216,000. GAMMA Investing LLC grew its stake in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp grew its position in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Demars Financial Group LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at about $155,407,000. Finally, Boston Partners boosted its position in Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after buying an additional 677,213 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HON. Bank of America upgraded shares of 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. Wells Fargo & Company raised their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Barclays lifted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Price Performance

Honeywell International stock traded up $2.13 during trading hours on Monday, hitting $238.06. The stock had a trading volume of 2,911,212 shares, compared to its average volume of 3,859,425. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The stock has a market capitalization of $153.00 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.68 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock's fifty day moving average is $225.84 and its two-hundred day moving average is $216.23.

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

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 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.