Successful Portfolios LLC Has $1.69 Million Position in Honeywell International Inc. (NASDAQ:HON)

Successful Portfolios LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.3% in the first quarter, Holdings Channel reports. The institutional investor owned 7,970 shares of the conglomerate’s stock after purchasing an additional 100 shares during the period. Honeywell International accounts for approximately 1.1% of Successful Portfolios LLC’s holdings, making the stock its 20th biggest position. Successful Portfolios LLC’s holdings in Honeywell International were worth $1,688,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HON. Mainstream Capital Management LLC bought a new stake in Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co grew its stake in 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 buying an additional 75 shares during the last quarter. 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 Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC bought a new stake in Honeywell International during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Morgan Stanley increased their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Barclays decreased their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Bank of America raised shares of 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. Finally, Wells Fargo & Company increased their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $248.14.

Honeywell International Stock Up 0.9%

Shares of NASDAQ HON opened at $228.78 on Friday. The firm has a market cap of $147.03 billion, a PE ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company’s fifty day simple moving average is $210.44 and its 200 day simple moving average is $216.22. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. Honeywell International’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. Honeywell International’s dividend payout ratio is currently 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.