Brown Miller Wealth Management LLC Has $415,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Brown Miller Wealth Management LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 38.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,961 shares of the conglomerate’s stock after acquiring an additional 540 shares during the period. Brown Miller Wealth Management LLC’s holdings in Honeywell International were worth $415,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LaFleur & Godfrey LLC increased its position in Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate’s stock valued at $9,550,000 after buying an additional 12,227 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Honeywell International during the fourth quarter worth approximately $21,525,000. Vontobel Holding Ltd. raised its position in shares of Honeywell International by 3.5% during the fourth quarter. Vontobel Holding Ltd. now owns 21,017 shares of the conglomerate’s stock worth $4,748,000 after purchasing an additional 704 shares during the period. Finally, WealthPLAN Partners LLC bought a new position in shares of Honeywell International in the 4th quarter worth $212,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $224.29 on Monday. The company has a market capitalization of $144.15 billion, a PE ratio of 25.75, a PEG ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average price is $213.35 and its 200-day moving average price is $215.94. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates 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 firm posted $2.25 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Analyst Ratings Changes

A number of brokerages have commented on HON. Wells Fargo & Company boosted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Citigroup boosted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Mizuho upped their target price 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. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Barclays decreased their price objective on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.