Honeywell International Inc. (NASDAQ:HON) Holdings Lifted by SteelPeak Wealth LLC

SteelPeak Wealth LLC raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 128.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,599 shares of the conglomerate's stock after purchasing an additional 50,883 shares during the quarter. Honeywell International comprises approximately 0.8% of SteelPeak Wealth LLC's holdings, making the stock its 28th biggest holding. SteelPeak Wealth LLC's holdings in Honeywell International were worth $19,184,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Avalon Trust Co lifted its holdings in shares of Honeywell International by 166.7% during 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 acquired a new position in shares of Honeywell International during the 4th quarter valued at $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at $34,000. Curio Wealth LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at $35,000. Finally, Alexis Investment Partners LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at $37,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.84 during trading on Friday, reaching $235.93. 2,417,149 shares of the company's stock traded hands, compared to its average volume of 3,856,139. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a 50 day moving average of $225.84 and a 200-day moving average of $216.42. The stock has a market capitalization of $151.63 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HON. Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho boosted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Finally, Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.79.

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.