Prevail Innovative Wealth Advisors LLC Has $690,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

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

A number of other large investors have also recently added to or reduced their stakes in HON. World Investment Advisors raised its holdings in shares of Honeywell International by 137.7% during 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 period. Schroder Investment Management Group raised its holdings in shares of Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the period. Red Door Wealth Management LLC raised its holdings in shares of Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares during the period. Potomac Fund Management Inc. ADV acquired a new stake in shares of Honeywell International during the fourth quarter worth $1,722,000. Finally, Petros Family Wealth LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $383,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HON has been the topic of a number of research reports. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Eight research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Price Performance

Honeywell International stock traded up $1.39 during trading hours on Thursday, hitting $238.27. 1,253,278 shares of the company traded hands, compared to its average volume of 3,851,278. The firm has a market cap of $153.13 billion, a P/E ratio of 27.39, a P/E/G ratio of 2.67 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The firm's 50-day simple moving average is $227.27 and its two-hundred day simple moving average is $216.56. 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 posted its quarterly earnings data 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. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the firm posted $2.25 EPS. The business's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.90%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.