Insight Wealth Strategies LLC Has $1.97 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Insight Wealth Strategies LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,324 shares of the conglomerate’s stock after buying an additional 144 shares during the period. Insight Wealth Strategies LLC’s holdings in Honeywell International were worth $1,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after buying an additional 380,299 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock worth $3,379,568,000 after acquiring an additional 627,422 shares during the period. Capital World Investors bought a new stake in Honeywell International in the fourth quarter valued at about $1,594,216,000. Bank of New York Mellon Corp raised its position in Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after purchasing an additional 631,761 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock worth $1,500,141,000 after purchasing an additional 346,190 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Royal Bank of Canada boosted their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Mizuho upped their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Finally, Citigroup lowered their price objective on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.57.

Honeywell International Price Performance

HON stock opened at $224.61 on Thursday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month 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. The stock has a market cap of $144.35 billion, a PE ratio of 25.79, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a 50-day moving average price of $208.47 and a 200 day moving average price of $216.38.

Honeywell International (NASDAQ:HON) 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 return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter last year, the firm earned $2.25 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

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.