BKM Wealth Management LLC Acquires New Position in Honeywell International Inc. (NASDAQ:HON)

BKM Wealth Management LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,845 shares of the conglomerate’s stock, valued at approximately $381,000.

A number of other large investors have also recently made changes to their positions in the stock. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter worth $26,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the second quarter valued at $38,000. Pathway Financial Advisers LLC purchased a new position in Honeywell International in the first quarter valued at $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Honeywell International during the 1st quarter worth about $42,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

HON stock opened at $208.00 on Friday. The business’s fifty day moving average price is $207.39 and its 200 day moving average price is $205.39. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $222.98. The company has a market capitalization of $135.45 billion, a PE ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup lowered their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday. Bank of America restated a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research report on Thursday. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $223.73.

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.