Successful Portfolios LLC Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Successful Portfolios LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,970 shares of the conglomerate’s stock after acquiring an additional 100 shares during the quarter. Honeywell International accounts for approximately 1.1% of Successful Portfolios LLC’s investment portfolio, making the stock its 20th biggest holding. Successful Portfolios LLC’s holdings in Honeywell International were worth $1,688,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after acquiring an additional 380,299 shares during the last quarter. Geode Capital Management LLC raised its holdings in Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock valued at $3,379,568,000 after acquiring an additional 627,422 shares during the last quarter. Capital World Investors acquired a new stake in Honeywell International in the 4th quarter valued at about $1,594,216,000. Bank of New York Mellon Corp raised its holdings in Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after acquiring an additional 631,761 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in Honeywell International by 5.5% in the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock valued at $1,500,141,000 after acquiring an additional 346,190 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

HON opened at $228.78 on Friday. The business’s 50 day moving average is $210.44 and its 200-day moving average is $216.22. The stock has a market cap of $147.03 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. 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 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the previous year, the company earned $2.25 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Wells Fargo & Company lifted 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 report on Wednesday, April 30th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Royal Bank of Canada lifted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.14.

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.