AE Wealth Management LLC Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

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

Other institutional investors have also recently made changes to their positions in the company. LGT Group Foundation bought a new stake in shares of Honeywell International during the 1st quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in Honeywell International in the fourth quarter valued at approximately $27,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International during the 1st quarter worth $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in Honeywell International in the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on HON shares. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Citigroup lifted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Royal Bank of Canada cut their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $223.13.

Honeywell International Price Performance

Shares of HON opened at $203.35 on Friday. The firm has a market cap of $132.42 billion, a PE ratio of 23.56, a P/E/G ratio of 2.32 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The firm has a fifty day simple moving average of $204.50 and a two-hundred day simple moving average of $203.42.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

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

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.