CMH Wealth Management LLC Has $6.48 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

CMH Wealth Management LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,579 shares of the conglomerate’s stock after buying an additional 535 shares during the quarter. CMH Wealth Management LLC’s holdings in Honeywell International were worth $6,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HON. Capital World Investors bought a new position in shares of Honeywell International in the fourth quarter worth $1,594,216,000. Raymond James Financial Inc. bought a new position in shares of Honeywell International in the fourth quarter worth $435,786,000. ING Groep NV increased its position in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the period. GAMMA Investing LLC increased its position in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. Finally, Cibc World Markets Corp increased its position in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.9%

NASDAQ:HON opened at $228.78 on Monday. The firm’s 50 day simple moving average is $210.44 and its 200 day simple moving average is $216.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a market cap of $147.03 billion, a PE ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the company earned $2.25 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.98%. Honeywell International’s dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Barclays dropped their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Royal Bank of Canada raised their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.14.

About Honeywell International

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.