Steward Partners Investment Advisory LLC Acquires 1,168 Shares of Honeywell International Inc. $HON

Key Points

• Steward Partners Investment Advisory LLC increased its holdings in Honeywell International Inc. by 1.4% during the first quarter, acquiring an additional 1,168 shares, bringing its total to 86,241 shares valued at approximately $18.26 million.
• Honeywell reported earnings of $2.75 per share for the quarter, exceeding analyst estimates of $2.66, with revenue increasing by 8.1% year-over-year to $10.35 billion.
• The company will pay a quarterly dividend of $1.13 on September 5th, representing a dividend yield of 2.1% with a payout ratio of 51.42%.

Steward Partners Investment Advisory LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,241 shares of the conglomerate's stock after purchasing an additional 1,168 shares during the period. Steward Partners Investment Advisory LLC's holdings in Honeywell International were worth $18,262,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HON. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the 4th quarter valued at approximately $29,000. Pandora Wealth Inc. bought a new stake in Honeywell International in the 1st quarter valued at approximately $33,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the 4th quarter valued at approximately $34,000. Banque de Luxembourg S.A. bought a new stake in Honeywell International in the 4th quarter valued at approximately $38,000. Finally, Stone House Investment Management LLC bought a new stake in Honeywell International in the 1st quarter valued at approximately $41,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.7%

HON stock opened at $216.77 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $137.63 billion, a PE ratio of 24.66, a PEG ratio of 2.45 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The business's 50 day simple moving average is $227.72 and its 200 day simple moving average is $216.67.

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

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio is currently 51.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company cut their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Barclays upped their price objective 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 upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada dropped their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Eight investment 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 stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

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.

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