Mission Wealth Management LP Buys 906 Shares of Honeywell International Inc. (NASDAQ:HON)

Mission Wealth Management LP raised its stake in Honeywell International Inc. (NASDAQ:HON) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,710 shares of the conglomerate’s stock after purchasing an additional 906 shares during the period. Mission Wealth Management LP’s holdings in Honeywell International were worth $2,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Cordant Inc. acquired a new position in shares of Honeywell International during the fourth quarter valued at about $31,000. Rakuten Securities Inc. purchased a new position in Honeywell International during the fourth quarter worth about $31,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the fourth quarter worth about $37,000. TFO Wealth Partners LLC boosted its holdings in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 76 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $192.73 on Wednesday. The company’s 50 day moving average is $197.99 and its 200-day moving average is $196.54. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm has a market cap of $125.50 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. Honeywell International’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 EPS. Sell-side analysts predict that Honeywell International Inc. will post 9.95 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $215.71.

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.