Thrive Wealth Management LLC Has $441,000 Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Thrive Wealth Management LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,083 shares of the conglomerate’s stock after selling 145 shares during the period. Thrive Wealth Management LLC’s holdings in Honeywell International were worth $441,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. World Investment Advisors lifted its holdings in shares of Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock worth $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. bought a new stake in Honeywell International during the fourth quarter worth $361,000. Schroder Investment Management Group boosted its holdings in shares of Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock valued at $20,235,000 after purchasing an additional 10,092 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Honeywell International in the 4th quarter valued at $435,786,000. Finally, Dynasty Wealth Management LLC raised its holdings in shares of Honeywell International by 52.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock worth $2,559,000 after buying an additional 3,879 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.3%

Shares of NASDAQ HON opened at $227.45 on Thursday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company’s 50 day moving average price is $209.84 and its 200-day moving average price is $216.23. The company has a market capitalization of $146.18 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on HON shares. Royal Bank of Canada boosted their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Barclays cut 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. Mizuho upped their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Morgan Stanley boosted their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.14.

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.