Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Falcon Wealth Planning

Falcon Wealth Planning boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 14.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,411 shares of the conglomerate’s stock after acquiring an additional 178 shares during the period. Falcon Wealth Planning’s holdings in Honeywell International were worth $299,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Claris Advisors LLC MO lifted its holdings in shares of Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after buying an additional 49 shares during the period. Avantax Planning Partners Inc. boosted its position in shares of Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock worth $777,000 after buying an additional 49 shares in the last quarter. Zions Bancorporation N.A. lifted its holdings in shares of Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate’s stock valued at $164,000 after purchasing an additional 50 shares in the last quarter. Cetera Trust Company N.A grew its holdings in Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate’s stock valued at $2,218,000 after buying an additional 50 shares during the last quarter. Finally, Kennedy Investment Group boosted its stake in shares of Honeywell International by 1.7% during the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate’s stock valued at $639,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HON shares. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Barclays lifted their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, June 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $226.00 target price on shares of Honeywell International in a research report on Wednesday. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Finally, Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.21.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $226.38 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The firm has a 50-day simple moving average of $218.29 and a 200 day simple moving average of $215.80. The company has a market cap of $145.49 billion, a PE ratio of 26.02, a P/E/G ratio of 2.59 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio is currently 51.95%.

About Honeywell International

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.