ORG Wealth Partners LLC Acquires New Shares in Honeywell International Inc. (NASDAQ:HON)

ORG Wealth Partners LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 7,166 shares of the conglomerate's stock, valued at approximately $1,534,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co raised its holdings in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International during the fourth quarter worth approximately $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

HON stock traded down $0.17 during trading hours on Friday, reaching $221.70. The stock had a trading volume of 1,892,635 shares, compared to its average volume of 3,816,510. The stock has a market capitalization of $142.48 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The stock has a 50-day simple moving average of $215.66 and a 200 day simple moving average of $215.90. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 EPS. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.04%. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company increased their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Mizuho boosted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Citigroup upped their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays raised their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $249.21.

About Honeywell International

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.