Aviso Wealth Management Has $1.14 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Aviso Wealth Management lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 198.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,340 shares of the conglomerate’s stock after buying an additional 3,548 shares during the period. Aviso Wealth Management’s holdings in Honeywell International were worth $1,140,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ascent Group LLC increased its stake in shares of Honeywell International by 3.6% during the 2nd quarter. Ascent Group LLC now owns 9,381 shares of the conglomerate’s stock worth $2,003,000 after purchasing an additional 322 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Honeywell International by 13.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 8,516 shares of the conglomerate’s stock worth $1,819,000 after buying an additional 1,039 shares during the period. Texas Capital Bancshares Inc TX boosted its holdings in shares of Honeywell International by 8.1% during the 2nd quarter. Texas Capital Bancshares Inc TX now owns 2,758 shares of the conglomerate’s stock worth $589,000 after buying an additional 207 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of Honeywell International by 162.2% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 312 shares of the conglomerate’s stock worth $67,000 after buying an additional 193 shares during the period. Finally, Horizon Advisory Services Inc. boosted its holdings in shares of Honeywell International by 6.6% during the 2nd quarter. Horizon Advisory Services Inc. now owns 1,184 shares of the conglomerate’s stock worth $253,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $223.13.

Honeywell International Trading Up 0.3 %

Shares of Honeywell International stock opened at $207.63 on Friday. The stock has a market capitalization of $135.21 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a 50-day simple moving average of $203.38 and a 200 day simple moving average of $203.65. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79.

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

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Honeywell International Company 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.