Parr Mcknight Wealth Management Group LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,861 shares of the conglomerate's stock, valued at approximately $420,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth about $25,000. Avalon Trust Co grew its holdings in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $35,000. 75.91% of the stock is currently owned by institutional investors.
Honeywell International Stock Performance
HON stock traded up $4.43 during midday trading on Tuesday, hitting $226.46. 3,090,753 shares of the stock traded hands, compared to its average volume of 3,788,241. The firm has a market cap of $145.54 billion, a P/E ratio of 26.00, a PEG ratio of 2.51 and a beta of 1.07. 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's fifty day simple moving average is $207.87 and its 200-day simple moving average is $216.25. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $2.25 earnings per share. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.
Honeywell International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.
Analyst Ratings Changes
Several brokerages have recently weighed in on HON. Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Royal Bank of Canada boosted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note 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 price objective for the company in a research note on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Citigroup reduced their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $245.57.
Read Our Latest Research Report on Honeywell International
About Honeywell International
(
Free Report)
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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