Simplicity Wealth LLC Has $1.64 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Simplicity Wealth LLC grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 134.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,734 shares of the conglomerate's stock after buying an additional 4,437 shares during the quarter. Simplicity Wealth LLC's holdings in Honeywell International were worth $1,638,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valmark Advisers Inc. raised its stake in shares of Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares in the last quarter. Claris Advisors LLC MO increased its holdings in Honeywell International by 4.8% in the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after buying an additional 49 shares during the last quarter. Avantax Planning Partners Inc. raised its position in Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after acquiring an additional 49 shares in the last quarter. Spinnaker Trust lifted its stake in Honeywell International by 0.4% in the fourth quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate's stock valued at $2,558,000 after acquiring an additional 50 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its position in Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Price Performance

NASDAQ HON traded down $1.76 on Friday, reaching $224.29. The company's stock had a trading volume of 2,497,010 shares, compared to its average volume of 3,811,205. The firm has a market cap of $144.15 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business has a 50-day moving average price of $212.52 and a 200 day moving average price of $216.17.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the company earned $2.25 EPS. Honeywell International's revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced 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 of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International's payout ratio is 51.95%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HON. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Barclays lowered their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price of $248.14.

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.