Align Wealth Management LLC Acquires Shares of 175 Honeywell International Inc. (NASDAQ:HON)

Align Wealth Management LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 175 shares of the conglomerate’s stock, valued at approximately $29,000.

Several other institutional investors have also recently made changes to their positions in HON. Moisand Fitzgerald Tamayo LLC increased its holdings in shares of Honeywell International by 51.9% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 164 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. St. James Investment Advisors LLC increased its holdings in Honeywell International by 39.4% in the 3rd quarter. St. James Investment Advisors LLC now owns 184 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 52 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in Honeywell International in the 3rd quarter worth $33,000. American National Bank increased its holdings in Honeywell International by 222.2% in the 3rd quarter. American National Bank now owns 203 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 140 shares in the last quarter. Finally, Cowa LLC purchased a new stake in Honeywell International in the 3rd quarter worth $40,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 2.4 %

NASDAQ HON opened at $184.64 on Friday. The firm’s 50-day moving average is $201.18 and its two-hundred day moving average is $199.27. Honeywell International Inc. has a 12 month low of $166.63 and a 12 month high of $220.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market capitalization of $123.37 billion, a P/E ratio of 25.40, a PEG ratio of 2.40 and a beta of 1.10.

Honeywell International (NASDAQ:HON – Get Rating) last posted its earnings results on Thursday, February 2nd. The conglomerate reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.01. Honeywell International had a net margin of 14.00% and a return on equity of 32.89%. The company had revenue of $9.19 billion for the quarter, compared to analysts’ expectations of $9.26 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. Honeywell International’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 9.03 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, February 23rd. This represents a $4.12 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 56.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price target on shares of Honeywell International from $199.00 to $204.00 and gave the stock a “sector perform” rating in a report on Friday, February 3rd. Citigroup lowered their target price on shares of Honeywell International from $248.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Credit Suisse Group lowered their target price on shares of Honeywell International from $202.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, February 3rd. Barclays lifted their target price on shares of Honeywell International from $212.00 to $229.00 in a research note on Thursday, December 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Honeywell International to $234.00 in a research note on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $214.88.

Honeywell International Company Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.