Arkadios Wealth Advisors Acquires 415 Shares of Honeywell International Inc. (NASDAQ:HON)

Arkadios Wealth Advisors lifted its position in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,412 shares of the conglomerate’s stock after purchasing an additional 415 shares during the quarter. Arkadios Wealth Advisors’ holdings in Honeywell International were worth $946,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Andesa Financial Management Inc. raised its position in shares of Honeywell International by 23.7% during the third quarter. Andesa Financial Management Inc. now owns 2,229 shares of the conglomerate’s stock worth $376,000 after purchasing an additional 427 shares during the period. Cypress Capital Management LLC raised its position in Honeywell International by 166.1% in the 3rd quarter. Cypress Capital Management LLC now owns 3,802 shares of the conglomerate’s stock valued at $635,000 after buying an additional 2,373 shares during the last quarter. Virtu Financial LLC purchased a new stake in Honeywell International in the 2nd quarter valued at $844,000. First Financial Corp IN raised its position in Honeywell International by 3.1% in the 3rd quarter. First Financial Corp IN now owns 6,443 shares of the conglomerate’s stock valued at $1,076,000 after buying an additional 195 shares during the last quarter. Finally, Toroso Investments LLC raised its position in Honeywell International by 1.7% in the 3rd quarter. Toroso Investments LLC now owns 7,042 shares of the conglomerate’s stock valued at $1,176,000 after buying an additional 116 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 2.4 %

HON stock opened at $184.64 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.25. The company has a market capitalization of $123.37 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.35 and a beta of 1.10. Honeywell International Inc. has a fifty-two week low of $166.63 and a fifty-two week high of $220.96. The stock has a fifty day moving average of $201.18 and a 200-day moving average of $199.50.

Honeywell International (NASDAQ:HON – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The conglomerate reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.01. The company had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.26 billion. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 EPS. As a group, equities research analysts predict that Honeywell International Inc. will post 9.03 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $4.12 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio is currently 56.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Credit Suisse Group lowered their price target on Honeywell International from $202.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, February 3rd. Morgan Stanley increased their price target on Honeywell International from $209.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. Royal Bank of Canada increased their price target on Honeywell International from $199.00 to $204.00 and gave the company a “sector perform” rating in a research report on Friday, February 3rd. UBS Group lowered their price target on Honeywell International from $193.00 to $185.00 and set a “sell” rating for the company in a research report on Tuesday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $214.88.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.