MGO One Seven LLC Buys 1,517 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• MGO One Seven LLC has increased its stake in Honeywell International by 17.3% by acquiring an additional 1,517 shares, bringing its total holdings to 10,270 shares valued at approximately $2.18 million.
• Several hedge funds significantly boosted their positions in Honeywell, with GAMMA Investing LLC increasing its stake by 20,894% in the first quarter alone.
• Honeywell recently reported strong earnings, exceeding expectations with a EPS of $2.75 and a revenue of $10.35 billion, indicating an 8.1% year-over-year revenue growth.

MGO One Seven LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,270 shares of the conglomerate's stock after buying an additional 1,517 shares during the period. MGO One Seven LLC's holdings in Honeywell International were worth $2,175,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors raised its holdings in Honeywell International by 137.7% in the 4th 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. Red Door Wealth Management LLC increased its stake in shares of Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after acquiring an additional 736 shares in the last quarter. Petros Family Wealth LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $383,000. Spinnaker Trust increased its stake in shares of Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock worth $2,456,000 after acquiring an additional 276 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. bought a new position in shares of Honeywell International in the 4th quarter worth about $316,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

HON traded up $3.08 during trading hours on Monday, hitting $220.79. The company's stock had a trading volume of 3,451,864 shares, compared to its average volume of 3,710,047. The business's 50-day moving average price is $229.24 and its 200-day moving average price is $217.02. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market cap of $140.18 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.46 and a beta of 1.08. 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 posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter in the previous year, the business posted $2.49 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.0%. Honeywell International's payout ratio is 51.42%.

Analysts Set New Price Targets

HON has been the subject of several research reports. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Morgan Stanley raised their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Finally, Royal Bank Of Canada dropped their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International 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.