Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Sfmg LLC

Key Points

• Sfmg LLC increased its holdings in Honeywell International by 6.0% in Q1, owning 29,450 shares worth approximately $6.24 million, which represents about 0.5% of its overall portfolio.
• Honeywell recently reported an earnings per share (EPS) of $2.75, surpassing estimates, with revenue of $10.35 billion for the quarter, reflecting an 8.1% year-over-year increase.
• The company has declared a quarterly dividend of $1.13, scheduled to be paid on September 5th, providing an annualized yield of 2.1%.

Sfmg LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,450 shares of the conglomerate's stock after acquiring an additional 1,655 shares during the quarter. Honeywell International makes up about 0.5% of Sfmg LLC's portfolio, making the stock its 27th biggest position. Sfmg LLC's holdings in Honeywell International were worth $6,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at $34,000. Alexis Investment Partners LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at $37,000. Banque de Luxembourg S.A. purchased a new stake in shares of Honeywell International during the 4th quarter valued at $38,000. Finally, Garde Capital Inc. purchased a new stake in shares of Honeywell International during the 1st quarter valued at $42,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HON. Morgan Stanley raised their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Barclays raised their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $0.27 during trading on Tuesday, reaching $221.06. 2,311,175 shares of the company's stock traded hands, compared to its average volume of 3,747,132. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a market cap of $140.35 billion, a PE ratio of 25.15, a P/E/G ratio of 2.49 and a beta of 1.08. The company has a 50-day simple moving average of $229.11 and a 200-day simple moving average of $217.04.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.49 EPS. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is 51.42%.

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.