Onyx Bridge Wealth Group LLC Invests $226,000 in Honeywell International Inc. (NASDAQ:HON)

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

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Honeywell International in the 4th quarter worth $222,000. Proficio Capital Partners LLC grew its stake in shares of Honeywell International by 40.8% in the 4th quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate's stock worth $595,000 after acquiring an additional 764 shares in the last quarter. Candriam S.C.A. grew its stake in shares of Honeywell International by 88.3% in the 4th quarter. Candriam S.C.A. now owns 9,144 shares of the conglomerate's stock worth $2,066,000 after acquiring an additional 4,288 shares in the last quarter. Finally, E Fund Management Co. Ltd. grew 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. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the subject of several recent analyst reports. Barclays upped their target price on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. upped their target price 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. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Mizuho upped their target price 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, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a research note on Wednesday, June 25th. Eight 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $250.29.

Honeywell International Stock Performance

NASDAQ HON traded up $1.26 during trading on Friday, hitting $240.52. 1,903,189 shares of the company's stock traded hands, compared to its average volume of 3,853,027. The stock has a market capitalization of $154.57 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.75 and a beta of 1.07. 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 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The business has a 50 day moving average of $222.98 and a 200-day moving average of $215.99.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The business 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 company's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 earnings per share. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

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.