Aprio Wealth Management LLC Invests $227,000 in Honeywell International Inc. (NASDAQ:HON)

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

Other hedge funds have also recently added to or reduced their stakes in the company. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in Honeywell International in the fourth quarter valued at $27,000. Richardson Capital Management LLC acquired a new position in Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the first quarter valued at $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HON. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Finally, Wells Fargo & Company dropped their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average price target of $222.13.

Honeywell International Stock Up 1.8 %

Shares of HON opened at $207.00 on Wednesday. The business’s fifty day moving average price is $202.82 and its two-hundred day moving average price is $203.92. The firm has a market capitalization 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 Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the company earned $2.23 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Honeywell International Inc. will post 10.11 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. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

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.