ORG Wealth Partners LLC Acquires New Position in Honeywell International Inc. (NASDAQ:HON)

ORG Wealth Partners LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,166 shares of the conglomerate’s stock, valued at approximately $1,534,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mainstream Capital Management LLC acquired a new position in Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co raised its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC acquired a new position in Honeywell International during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

HON opened at $221.87 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a 50 day moving average of $215.09 and a two-hundred day moving average of $215.96. The company has a market cap of $142.59 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.59 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. Honeywell International’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s payout ratio is currently 51.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HON shares. Wells Fargo & Company lifted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Royal Bank Of Canada boosted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Barclays boosted their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.21.

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.