Mission Wealth Management LP Purchases 4,139 Shares of Honeywell International Inc. (NASDAQ:HON)

Mission Wealth Management LP lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,660 shares of the conglomerate's stock after acquiring an additional 4,139 shares during the period. Mission Wealth Management LP's holdings in Honeywell International were worth $4,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Miller Wealth Management LLC increased its holdings in Honeywell International by 38.0% during the 1st quarter. Brown Miller Wealth Management LLC now owns 1,961 shares of the conglomerate's stock worth $415,000 after acquiring an additional 540 shares during the period. 1900 Wealth Management LLC increased its holdings in shares of Honeywell International by 17.7% in the 1st quarter. 1900 Wealth Management LLC now owns 2,664 shares of the conglomerate's stock worth $564,000 after buying an additional 401 shares during the last quarter. Traphagen Investment Advisors LLC increased its holdings in shares of Honeywell International by 18.0% in the 1st quarter. Traphagen Investment Advisors LLC now owns 3,317 shares of the conglomerate's stock worth $702,000 after buying an additional 506 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Honeywell International by 14.4% in the 1st quarter. Bank Pictet & Cie Europe AG now owns 164,396 shares of the conglomerate's stock worth $34,811,000 after buying an additional 20,700 shares during the last quarter. Finally, Morton Capital Management LLC CA increased its holdings in shares of Honeywell International by 2.1% in the 1st quarter. Morton Capital Management LLC CA now owns 5,895 shares of the conglomerate's stock worth $1,248,000 after buying an additional 119 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. 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 report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Royal Bank of Canada upped their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Finally, Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Trading Down 0.8%

NASDAQ HON opened at $224.29 on Monday. The firm's 50-day moving average is $213.35 and its two-hundred day moving average is $215.94. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market capitalization of $144.15 billion, a P/E ratio of 25.75, a PEG ratio of 2.51 and a beta of 1.08.

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

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.02%. Honeywell International's dividend payout ratio 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.

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