Kingsview Wealth Management LLC Has $8.16 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Kingsview Wealth Management LLC decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,515 shares of the conglomerate’s stock after selling 374 shares during the period. Kingsview Wealth Management LLC’s holdings in Honeywell International were worth $8,156,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors bought a new stake in shares of Honeywell International in the fourth quarter valued at approximately $1,594,216,000. GAMMA Investing LLC lifted its stake in shares of Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock valued at $2,809,110,000 after acquiring an additional 1,320,295 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Honeywell International by 592.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock valued at $183,728,000 after purchasing an additional 742,281 shares during the period. Demars Financial Group LLC acquired a new stake in Honeywell International during the 4th quarter worth about $155,407,000. Finally, Geode Capital Management LLC grew its holdings in Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock worth $3,379,568,000 after acquiring an additional 627,422 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HON shares. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Citigroup boosted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Mizuho lifted their price objective 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. Finally, Barclays boosted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Eight investment 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 company’s stock. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $250.79.

Honeywell International Price Performance

Shares of HON stock opened at $238.37 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The firm’s 50-day moving average is $227.75 and its two-hundred day moving average is $216.64. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market capitalization of $153.20 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07.

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

Honeywell International Announces Dividend

The business also recently declared 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s payout ratio is currently 51.95%.

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.