Consolidated Portfolio Review Corp Takes Position in Honeywell International Inc. (NASDAQ:HON)

Consolidated Portfolio Review Corp acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,165 shares of the conglomerate’s stock, valued at approximately $247,000.

A number of other large investors have also recently added to or reduced their stakes in HON. Vanguard Group Inc. grew its position in shares of Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after purchasing an additional 380,299 shares during the last quarter. Geode Capital Management LLC lifted its stake in Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock valued at $3,379,568,000 after buying an additional 627,422 shares in the last quarter. Capital World Investors acquired a new stake in Honeywell International during the 4th quarter valued at $1,594,216,000. Capital Research Global Investors increased its position in Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock worth $1,500,141,000 after buying an additional 346,190 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Honeywell International by 5.7% in the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate’s stock worth $1,412,619,000 after acquiring an additional 337,199 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $221.79 on Thursday. The business has a 50-day moving average of $217.70 and a two-hundred day moving average of $215.79. The firm has a market capitalization of $142.54 billion, a PE ratio of 25.49, a P/E/G ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the previous year, the business earned $2.25 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HON shares. Wells Fargo & Company lifted their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Citigroup lifted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $226.00 target price on shares of Honeywell International in a research report on Wednesday. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $249.21.

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.