Members Wealth LLC Invests $257,000 in Honeywell International Inc. (NASDAQ:HON)

Members Wealth LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,136 shares of the conglomerate's stock, valued at approximately $257,000.

Other large investors have also added to or reduced their stakes in the company. World Investment Advisors lifted its position in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after purchasing an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at $361,000. Costello Asset Management INC purchased a new stake in shares of Honeywell International in the 4th quarter worth about $3,092,000. Schroder Investment Management Group increased its stake in shares of Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after acquiring an additional 10,092 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Honeywell International during the 4th quarter valued at about $435,786,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ HON traded down $0.34 during trading hours on Friday, hitting $224.85. 8,299,549 shares of the company's stock traded hands, compared to its average volume of 3,831,092. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a market capitalization of $144.51 billion, a P/E ratio of 25.82, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business's fifty day moving average price is $208.99 and its two-hundred day moving average price is $216.10.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the company posted $2.25 EPS. The company's revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. Mizuho boosted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company lifted their target price on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $245.57.

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.