175 Shares in Honeywell International Inc. (NASDAQ:HON) Acquired by Align Wealth Management LLC

Align Wealth Management LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 175 shares of the conglomerate’s stock, valued at approximately $29,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Honeywell International by 0.3% in the third quarter. Vanguard Group Inc. now owns 60,387,360 shares of the conglomerate’s stock valued at $10,082,878,000 after purchasing an additional 156,753 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 30.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,324,034 shares of the conglomerate’s stock valued at $1,620,610,000 after purchasing an additional 2,165,050 shares during the last quarter. Royal Bank of Canada increased its stake in Honeywell International by 2.9% in the third quarter. Royal Bank of Canada now owns 7,422,464 shares of the conglomerate’s stock valued at $1,239,327,000 after purchasing an additional 211,341 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Honeywell International by 3.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,376,260 shares of the conglomerate’s stock valued at $656,953,000 after purchasing an additional 110,490 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Honeywell International by 2.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,348,950 shares of the conglomerate’s stock valued at $392,204,000 after purchasing an additional 45,261 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on HON shares. Citigroup dropped their price target 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Honeywell International from $242.00 to $235.00 in a report on Friday, February 3rd. JPMorgan Chase & Co. increased their price objective on Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Credit Suisse Group decreased their price objective on Honeywell International from $202.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, February 3rd. Finally, Barclays increased their price objective on Honeywell International from $212.00 to $229.00 in a report on Thursday, December 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $214.88.

Honeywell International Trading Down 2.4 %

NASDAQ:HON opened at $184.64 on Friday. The stock has a fifty day moving average price of $201.18 and a two-hundred day moving average price of $199.27. The stock has a market capitalization of $123.37 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.40 and a beta of 1.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.25. Honeywell International Inc. has a 1 year low of $166.63 and a 1 year high of $220.96.

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

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 23rd. Honeywell International’s payout ratio is 56.67%.

Honeywell International 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.