AE Wealth Management LLC Has $19 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

AE Wealth Management LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,985 shares of the conglomerate’s stock after purchasing an additional 12,530 shares during the quarter. AE Wealth Management LLC’s holdings in Honeywell International were worth $19,002,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HON. Gryphon Financial Partners LLC lifted its position in Honeywell International by 211.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after purchasing an additional 3,653 shares during the period. Assetmark Inc. raised its stake in shares of Honeywell International by 5.1% in the 4th quarter. Assetmark Inc. now owns 11,093 shares of the conglomerate’s stock valued at $2,326,000 after purchasing an additional 543 shares during the period. BlackDiamond Wealth Management LLC bought a new stake in Honeywell International in the 4th quarter valued at approximately $201,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Honeywell International by 2.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 142,928 shares of the conglomerate’s stock worth $29,973,000 after purchasing an additional 2,988 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its stake in shares of Honeywell International by 168.2% during the 4th quarter. SageView Advisory Group LLC now owns 8,063 shares of the conglomerate’s stock worth $1,660,000 after buying an additional 5,057 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $203.35 on Friday. The company has a market capitalization of $132.42 billion, a PE ratio of 23.56, a P/E/G ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The firm has a fifty day simple moving average of $204.50 and a 200 day simple moving average of $203.42. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share 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 company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the firm earned $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. Honeywell International’s payout ratio is 50.06%.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. Citigroup increased their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company lowered their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $223.13.

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.