Firethorn Wealth Partners LLC Acquires Shares of 1,219 Honeywell International Inc. (NASDAQ:HON)

Firethorn Wealth Partners LLC bought a new position in Honeywell International Inc. (NASDAQ:HON) during the first quarter, Holdings Channel.com reports. The firm bought 1,219 shares of the conglomerate’s stock, valued at approximately $258,000.

Several other institutional investors also recently modified their holdings of HON. Valmark Advisers Inc. boosted its position in Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after purchasing an additional 45 shares during the last quarter. Claris Advisors LLC MO raised its stake in shares of Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 49 shares during the period. Avantax Planning Partners Inc. boosted its holdings 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 during the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC grew its position in Honeywell International by 0.6% during the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate’s stock valued at $1,996,000 after buying an additional 50 shares during the period. Finally, Spinnaker Trust grew its position in Honeywell International by 0.4% during the fourth quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate’s stock valued at $2,558,000 after buying an additional 50 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $226.77 on Wednesday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market capitalization of $145.74 billion, a P/E ratio of 26.04, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $209.49 and a two-hundred day simple moving average of $216.15.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 14.82% and a return on equity of 35.78%. Honeywell International’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $1.13 dividend. 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 is currently 51.95%.

Analysts Set New Price Targets

Several analysts have commented on HON shares. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Morgan Stanley raised their target price 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. Finally, Wells Fargo & Company boosted their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $245.57.

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.