Salvus Wealth Management LLC Purchases New Holdings in Honeywell International Inc. (NASDAQ:HON)

Salvus Wealth Management LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,962 shares of the conglomerate's stock, valued at approximately $415,000.

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

Honeywell International Trading Up 0.9%

Honeywell International stock traded up $2.11 during mid-day trading on Friday, hitting $228.78. 2,215,743 shares of the company's stock were exchanged, compared to its average volume of 3,816,947. The company's 50 day simple moving average is $210.13 and its 200-day simple moving average is $216.21. 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 firm has a market capitalization of $147.03 billion, a P/E ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. 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 released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the firm posted $2.25 earnings per share. Honeywell International's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

HON has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday. Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Morgan Stanley raised their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Eight investment 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $248.14.

Honeywell International 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.