Forum Financial Management LP Buys 92 Shares of Honeywell International Inc. (NASDAQ:HON)

Forum Financial Management LP raised its stake in Honeywell International Inc. (NASDAQ:HON) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,368 shares of the conglomerate’s stock after buying an additional 92 shares during the period. Forum Financial Management LP’s holdings in Honeywell International were worth $1,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $34,000. Alexis Investment Partners LLC bought a new position in shares of Honeywell International during the fourth quarter valued at $37,000. Banque de Luxembourg S.A. bought a new position in Honeywell International in the 4th quarter valued at approximately $38,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Honeywell International in the 4th quarter worth $45,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $238.37 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a market capitalization of $153.20 billion, a P/E ratio of 27.40, a P/E/G ratio of 2.69 and a beta of 1.07. The business’s 50-day moving average is $227.75 and its two-hundred day moving average is $216.64.

Honeywell International (NASDAQ:HON) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS 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 net margin of 14.51% and a return on equity of 36.19%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.90%. Honeywell International’s payout ratio is currently 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. 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 report on Wednesday, May 7th. Finally, Wells Fargo & Company upped their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $250.79.

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.