Guerra Pan Advisors LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

Guerra Pan Advisors LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 13.1% in the 1st quarter, HoldingsChannel reports. The fund owned 6,508 shares of the conglomerate’s stock after buying an additional 754 shares during the quarter. Honeywell International accounts for 1.1% of Guerra Pan Advisors LLC’s portfolio, making the stock its 28th biggest position. Guerra Pan Advisors LLC’s holdings in Honeywell International were worth $1,378,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Mainstream Capital Management LLC bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $25,000. Avalon Trust Co lifted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $238.77 on Wednesday. The company has a market capitalization of $153.45 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.71 and a beta of 1.07. The business’s 50-day moving average is $220.52 and its 200 day moving average is $215.82. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

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 the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the prior year, the company earned $2.25 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.89%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HON. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Barclays increased their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 18th. Mizuho upped their target price 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. Wells Fargo & Company increased their price target on shares of Honeywell International from $225.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.29.

View Our Latest Stock Analysis on HON

Honeywell International Company Profile

(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.

Featured Articles

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON – Free Report).