Prevail Innovative Wealth Advisors LLC Purchases 2,249 Shares of Honeywell International Inc. (NASDAQ:HON)

Prevail Innovative Wealth Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 223.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,257 shares of the conglomerate's stock after buying an additional 2,249 shares during the period. Prevail Innovative Wealth Advisors LLC's holdings in Honeywell International were worth $690,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. World Investment Advisors boosted its position in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after purchasing an additional 12,969 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after purchasing an additional 10,092 shares during the period. Red Door Wealth Management LLC raised its stake in shares of Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after purchasing an additional 736 shares during the period. Potomac Fund Management Inc. ADV bought a new position in Honeywell International in the 4th quarter worth about $1,722,000. Finally, Petros Family Wealth LLC bought a new position in Honeywell International in the 4th quarter worth about $383,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock traded down $1.55 on Friday, reaching $236.82. The stock had a trading volume of 786,818 shares, compared to its average volume of 3,848,572. The stock has a market cap of $152.20 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year 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 company has a 50 day simple moving average of $227.75 and a 200 day simple moving average of $216.64.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share 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 the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.91%. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

HON has been the topic of a number of research analyst reports. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research report on Wednesday, June 25th. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Finally, Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price of $250.79.

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.