Transform Wealth LLC Has $11.31 Million Position in Honeywell International Inc. (NASDAQ:HON)

Transform Wealth LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,417 shares of the conglomerate's stock after selling 11,044 shares during the period. Transform Wealth LLC's holdings in Honeywell International were worth $11,311,000 as of its most recent SEC filing.

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

Honeywell International Trading Up 0.2%

Shares of HON traded up $0.54 during trading hours on Thursday, hitting $226.36. 470,772 shares of the stock traded hands, compared to its average volume of 3,806,684. The business has a fifty day moving average of $211.75 and a 200-day moving average of $216.20. The firm has a market capitalization of $145.48 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.51 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 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 (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the prior year, the company posted $2.25 EPS. The company's revenue was up 7.9% compared to the same quarter last year. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays decreased their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Mizuho upped their target price 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. Wells Fargo & Company lifted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Royal Bank of Canada upped their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Eight 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

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.