Miracle Mile Advisors LLC Buys 14,783 Shares of Honeywell International Inc. (NASDAQ:HON)

Miracle Mile Advisors LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 22.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,124 shares of the conglomerate's stock after buying an additional 14,783 shares during the quarter. Miracle Mile Advisors LLC's holdings in Honeywell International were worth $17,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HON. World Investment Advisors grew its position in shares of 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. Coordinated Financial Services Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth about $361,000. Schroder Investment Management Group grew its position in shares of 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. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth about $435,786,000. Finally, Dynasty Wealth Management LLC grew its position in shares of Honeywell International by 52.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after purchasing an additional 3,879 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

NASDAQ:HON opened at $228.78 on Friday. The firm has a market capitalization of $147.03 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business has a 50 day simple moving average of $210.44 and a 200-day simple moving average of $216.15. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

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

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho increased 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. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Morgan Stanley raised their price target on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight equities research 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. Based on data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $248.14.

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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