Aaron Wealth Advisors LLC Acquires 489 Shares of Honeywell International Inc. (NASDAQ:HON)

Aaron Wealth Advisors LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 27.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,256 shares of the conglomerate’s stock after buying an additional 489 shares during the period. Aaron Wealth Advisors LLC’s holdings in Honeywell International were worth $466,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. EP Wealth Advisors LLC boosted its position in Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after purchasing an additional 14,271 shares in the last quarter. Trilogy Capital Inc. increased its holdings in shares of Honeywell International by 125.7% during the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after buying an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Honeywell International in the 1st quarter valued at $1,398,000. Lloyd Advisory Services LLC. purchased a new position in Honeywell International during the first quarter worth about $1,110,000. Finally, Koshinski Asset Management Inc. boosted its position in shares of Honeywell International by 237.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock worth $1,158,000 after buying an additional 3,970 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $222.02 on Friday. The company has a market cap of $144.58 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a 50 day moving average price of $205.53 and a 200 day moving average price of $204.75. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $222.07.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the business earned $2.23 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.04%. Honeywell International’s dividend payout ratio is 52.38%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $223.56.

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.