Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Mission Wealth Management LP

Mission Wealth Management LP boosted its position in Honeywell International Inc. (NASDAQ:HON) by 23.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,660 shares of the conglomerate’s stock after acquiring an additional 4,139 shares during the quarter. Mission Wealth Management LP’s holdings in Honeywell International were worth $4,586,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brown Miller Wealth Management LLC raised its holdings in Honeywell International by 38.0% in the first quarter. Brown Miller Wealth Management LLC now owns 1,961 shares of the conglomerate’s stock valued at $415,000 after acquiring an additional 540 shares in the last quarter. 1900 Wealth Management LLC increased its stake in Honeywell International by 17.7% in the first quarter. 1900 Wealth Management LLC now owns 2,664 shares of the conglomerate’s stock valued at $564,000 after purchasing an additional 401 shares during the last quarter. Traphagen Investment Advisors LLC increased its stake in Honeywell International by 18.0% in the first quarter. Traphagen Investment Advisors LLC now owns 3,317 shares of the conglomerate’s stock valued at $702,000 after purchasing an additional 506 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in Honeywell International by 14.4% in the first quarter. Bank Pictet & Cie Europe AG now owns 164,396 shares of the conglomerate’s stock valued at $34,811,000 after purchasing an additional 20,700 shares during the last quarter. Finally, Morton Capital Management LLC CA increased its stake in Honeywell International by 2.1% in the first quarter. Morton Capital Management LLC CA now owns 5,895 shares of the conglomerate’s stock valued at $1,248,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HON shares. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Barclays lowered their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Mizuho raised their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.14.

Honeywell International Trading Down 0.8%

Honeywell International stock opened at $224.29 on Monday. The stock has a 50-day moving average price of $213.35 and a 200 day moving average price of $215.94. 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 $144.15 billion, a PE ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its quarterly 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. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 EPS. Equities research analysts predict 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 dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s 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.