Parr Mcknight Wealth Management Group LLC Acquires Shares of 1,861 Honeywell International Inc. (NASDAQ:HON)

Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,861 shares of the conglomerate's stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital World Investors purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $1,594,216,000. Raymond James Financial Inc. purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $435,786,000. ING Groep NV raised its stake in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after buying an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp raised its stake in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after buying an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $155,407,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.8%

Shares of HON stock traded down $1.85 during mid-day trading on Wednesday, hitting $224.61. 2,577,368 shares of the company's stock were exchanged, compared to its average volume of 3,783,420. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $144.35 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 2.51 and a beta of 1.07. The stock has a 50-day simple moving average of $208.18 and a two-hundred day simple moving average of $216.32. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate 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 35.78% and a net margin of 14.82%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Citigroup lowered their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $245.57.

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.