44 Wealth Management LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

44 Wealth Management LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 26.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,158 shares of the conglomerate’s stock after purchasing an additional 2,921 shares during the period. Honeywell International accounts for about 1.1% of 44 Wealth Management LLC’s portfolio, making the stock its 19th biggest position. 44 Wealth Management LLC’s holdings in Honeywell International were worth $2,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Avalon Trust Co lifted its position in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $34,000. Curio Wealth LLC bought a new position in Honeywell International in the 4th quarter worth about $35,000. Finally, Alexis Investment Partners LLC purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $37,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $240.52 on Friday. The company’s 50 day simple moving average is $222.15 and its 200-day simple moving average is $216.01. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market capitalization of $154.57 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON – Get Free Report) last announced 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 return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the company earned $2.25 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HON shares. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research 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 research note on Friday, May 16th. Finally, Barclays raised their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Eight 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $250.29.

View Our Latest Report on HON

About Honeywell International

(Free Report)

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.

See Also

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