Alpine Bank Wealth Management Makes New $887,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Alpine Bank Wealth Management bought a new position in Honeywell International Inc. (NASDAQ:HON) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,188 shares of the conglomerate’s stock, valued at approximately $887,000.

Several other large investors also recently added to or reduced their stakes in the business. Saybrook Capital NC grew its position in Honeywell International by 3.8% in the first quarter. Saybrook Capital NC now owns 51,629 shares of the conglomerate’s stock worth $10,932,000 after acquiring an additional 1,889 shares in the last quarter. Golden State Wealth Management LLC grew its position in Honeywell International by 204.2% in the first quarter. Golden State Wealth Management LLC now owns 2,327 shares of the conglomerate’s stock worth $493,000 after acquiring an additional 1,562 shares in the last quarter. Aurora Private Wealth Inc. grew its position in Honeywell International by 378.6% in the first quarter. Aurora Private Wealth Inc. now owns 7,993 shares of the conglomerate’s stock worth $1,693,000 after acquiring an additional 6,323 shares in the last quarter. Independent Solutions Wealth Management LLC grew its position in Honeywell International by 4.4% in the first quarter. Independent Solutions Wealth Management LLC now owns 7,365 shares of the conglomerate’s stock worth $1,560,000 after acquiring an additional 311 shares in the last quarter. Finally, Saxony Capital Management LLC lifted its stake in shares of Honeywell International by 10.4% in the first quarter. Saxony Capital Management LLC now owns 1,352 shares of the conglomerate’s stock worth $286,000 after buying an additional 127 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Royal Bank Of Canada boosted 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. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Finally, 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. 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 company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $249.21.

Honeywell International Trading Down 0.1%

Shares of HON stock opened at $224.60 on Wednesday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a market cap of $144.35 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The firm has a fifty day moving average of $217.13 and a 200-day moving average of $215.75.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the prior year, the company posted $2.25 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Honeywell International 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.