Atlantic Private Wealth LLC Makes New $83,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Atlantic Private Wealth LLC bought a new position in Honeywell International Inc. (NASDAQ:HON) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 436 shares of the conglomerate’s stock, valued at approximately $83,000.

Other large investors have also recently added to or reduced their stakes in the company. Knuff & Co LLC acquired a new position in shares of Honeywell International during the first quarter valued at $31,000. True Wealth Design LLC bought a new position in Honeywell International during the fourth quarter valued at about $31,000. Magellan Asset Management Ltd bought a new position in Honeywell International during the first quarter valued at about $32,000. Silicon Valley Capital Partners bought a new position in Honeywell International during the fourth quarter valued at about $33,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its stake in Honeywell International by 47.6% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 183 shares of the conglomerate’s stock valued at $39,000 after buying an additional 59 shares in the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON traded down $0.73 during trading on Wednesday, hitting $188.79. The company’s stock had a trading volume of 1,298,479 shares, compared to its average volume of 2,777,401. Honeywell International Inc. has a 12 month low of $166.63 and a 12 month high of $220.96. The firm’s 50 day moving average price is $196.76 and its two-hundred day moving average price is $195.39. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $125.35 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.03. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $9.17 billion. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.10 earnings per share. Sell-side analysts forecast that Honeywell International Inc. will post 9.16 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $4.12 annualized dividend and a yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is presently 50.99%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. UBS Group decreased their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. Finally, StockNews.com started coverage on Honeywell International in a research report on Monday, August 21st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $215.07.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.