Onyx Bridge Wealth Group LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Onyx Bridge Wealth Group LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,067 shares of the conglomerate's stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after buying an additional 1,582 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Honeywell International during the fourth quarter valued at about $222,000. Proficio Capital Partners LLC increased its position in shares of Honeywell International by 40.8% during the fourth quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock valued at $595,000 after buying an additional 764 shares during the period. Candriam S.C.A. increased its position in shares of Honeywell International by 88.3% during the fourth quarter. Candriam S.C.A. now owns 9,144 shares of the conglomerate's stock valued at $2,066,000 after buying an additional 4,288 shares during the period. Finally, E Fund Management Co. Ltd. increased its stake in shares of Honeywell International by 32.1% in the 4th quarter. E Fund Management Co. Ltd. now owns 9,304 shares of the conglomerate's stock worth $2,102,000 after acquiring an additional 2,260 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HON has been the subject of several research reports. Citigroup increased their price target 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. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Wells Fargo & Company increased their price target on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Mizuho increased their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their price target 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. 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 stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average price target of $250.29.

Honeywell International Stock Performance

Shares of HON traded down $1.05 on Monday, reaching $239.35. The company's stock had a trading volume of 2,709,913 shares, compared to its average volume of 3,848,454. 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 $153.83 billion, a P/E ratio of 27.51, a PEG ratio of 2.75 and a beta of 1.07. The stock's 50 day simple moving average is $223.75 and its two-hundred day simple moving average is $215.99. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

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, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 earnings per share. Research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 yield of 1.89%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is 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.