Keudell Morrison Wealth Management Has $342,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Keudell Morrison Wealth Management trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,617 shares of the conglomerate’s stock after selling 272 shares during the period. Keudell Morrison Wealth Management’s holdings in Honeywell International were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WoodTrust Financial Corp grew its stake in Honeywell International by 2.7% in the first quarter. WoodTrust Financial Corp now owns 28,473 shares of the conglomerate’s stock valued at $6,029,000 after acquiring an additional 751 shares during the period. Consolidated Portfolio Review Corp bought a new stake in shares of Honeywell International in the first quarter valued at about $247,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Honeywell International by 486.5% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 305 shares of the conglomerate’s stock valued at $65,000 after purchasing an additional 253 shares in the last quarter. AssuredPartners Investment Advisors LLC lifted its holdings in shares of Honeywell International by 3.2% in the first quarter. AssuredPartners Investment Advisors LLC now owns 16,327 shares of the conglomerate’s stock valued at $3,457,000 after purchasing an additional 512 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Honeywell International by 6.5% in the first quarter. Asset Management One Co. Ltd. now owns 361,353 shares of the conglomerate’s stock valued at $76,516,000 after purchasing an additional 22,094 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho boosted their price target on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Royal Bank Of Canada upped their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Barclays upped their target price on Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, June 18th. Finally, Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.21.

Honeywell International Price Performance

Honeywell International stock opened at $224.74 on Tuesday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock’s 50 day moving average is $216.61 and its 200-day moving average is $215.69. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $144.44 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 2.59 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $9.59 billion. During the same quarter in the prior year, the business earned $2.25 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio is currently 51.95%.

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.