Aprio Wealth Management LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Aprio Wealth Management LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,098 shares of the conglomerate’s stock, valued at approximately $227,000.

Several other hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Honeywell International by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after acquiring an additional 310,807 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Honeywell International by 0.9% in the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after purchasing an additional 42,305 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after purchasing an additional 212,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Honeywell International by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $222.13.

Read Our Latest Stock Analysis on HON

Honeywell International Stock Performance

HON opened at $207.00 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The business has a 50 day moving average of $202.82 and a 200-day moving average of $203.92. The stock has a market cap of $134.80 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the firm posted $2.23 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.18%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.38%.

About Honeywell International

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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