Congress Wealth Management LLC DE Buys New Stake in Honeywell International Inc. (NASDAQ:HON)

Congress Wealth Management LLC DE bought a new stake in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 48,156 shares of the conglomerate’s stock, valued at approximately $10,040,000.

Several other large investors have also modified their holdings of the business. Tlwm grew its stake in shares of Honeywell International by 2.6% in the 4th quarter. Tlwm now owns 5,199 shares of the conglomerate’s stock worth $1,084,000 after buying an additional 130 shares in the last quarter. AMG National Trust Bank grew its stake in shares of Honeywell International by 16.1% in the 4th quarter. AMG National Trust Bank now owns 11,702 shares of the conglomerate’s stock worth $2,440,000 after buying an additional 1,626 shares in the last quarter. Frontier Wealth Management LLC grew its stake in shares of Honeywell International by 9.2% in the 4th quarter. Frontier Wealth Management LLC now owns 2,820 shares of the conglomerate’s stock worth $588,000 after buying an additional 238 shares in the last quarter. StrategIQ Financial Group LLC grew its stake in shares of Honeywell International by 61.2% in the 4th quarter. StrategIQ Financial Group LLC now owns 2,717 shares of the conglomerate’s stock worth $567,000 after buying an additional 1,031 shares in the last quarter. Finally, Karp Capital Management Corp lifted its holdings in shares of Honeywell International by 31.4% in the 4th quarter. Karp Capital Management Corp now owns 20,246 shares of the conglomerate’s stock worth $4,221,000 after acquiring an additional 4,839 shares during the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on HON. Mizuho lowered their target price on shares of Honeywell International from $245.00 to $235.00 and set a “buy” rating for the company in a report on Friday, February 4th. Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating and set a $203.00 target price for the company in a report on Tuesday, March 22nd. Berenberg Bank started coverage on shares of Honeywell International in a report on Friday, January 14th. They set a “hold” rating and a $230.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $216.00 to $205.00 and set an “equal weight” rating for the company in a report on Monday, February 7th. Finally, Morgan Stanley decreased their price objective on shares of Honeywell International from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $228.43.

Shares of Honeywell International stock traded up $0.34 on Friday, reaching $195.19. The stock had a trading volume of 4,275,462 shares, compared to its average volume of 3,031,045. The stock has a market capitalization of $133.80 billion, a P/E ratio of 24.65, a P/E/G ratio of 2.36 and a beta of 1.13. Honeywell International Inc. has a 1 year low of $174.42 and a 1 year high of $236.86. The company has a quick ratio of 1.04, a current ratio of 1.30 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $189.97 and a 200 day moving average price of $204.38.

Honeywell International (NASDAQ:HONGet Rating) last released its earnings results on Thursday, February 3rd. The conglomerate reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.01. The company had revenue of $8.66 billion for the quarter, compared to the consensus estimate of $8.74 billion. Honeywell International had a net margin of 16.11% and a return on equity of 30.52%. Honeywell International’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.07 EPS. On average, analysts forecast that Honeywell International Inc. will post 8.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 11th. Stockholders of record on Friday, February 25th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, February 24th. Honeywell International’s dividend payout ratio (DPR) is currently 49.49%.

Honeywell International Company Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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