Honeywell International Inc. (NASDAQ:HON) Position Increased by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 35.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,768 shares of the conglomerate’s stock after buying an additional 1,236 shares during the period. Quadcap Wealth Management LLC’s holdings in Honeywell International were worth $1,077,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC acquired a new position in Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co boosted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International during the fourth quarter valued at $30,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International during the fourth quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in Honeywell International during the fourth quarter valued at $35,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on HON shares. Wells Fargo & Company lifted their price objective on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. cut their target price on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price objective on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Barclays dropped their price objective on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.23.

Honeywell International Stock Down 0.5%

NASDAQ HON opened at $217.18 on Thursday. 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 stock’s 50 day moving average is $205.65 and its two-hundred day moving average is $215.45. The company has a market capitalization of $139.58 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, May 16th. Honeywell International’s payout ratio is currently 51.95%.

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.