Honeywell International Inc. (NASDAQ:HON) Shares Acquired by DLK Investment Management LLC

DLK Investment Management LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 2.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 30,340 shares of the conglomerate’s stock after purchasing an additional 822 shares during the period. Honeywell International makes up about 2.7% of DLK Investment Management LLC’s investment portfolio, making the stock its 12th biggest position. DLK Investment Management LLC’s holdings in Honeywell International were worth $6,424,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. LaFleur & Godfrey LLC increased its stake in shares of Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate’s stock worth $9,550,000 after acquiring an additional 12,227 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. ARK Investment Management LLC grew its holdings in shares of Honeywell International by 2.8% in the fourth quarter. ARK Investment Management LLC now owns 16,368 shares of the conglomerate’s stock valued at $3,697,000 after purchasing an additional 448 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new stake in Honeywell International during the fourth quarter worth about $83,000. Finally, Kirtland Hills Capital Management LLC raised its stake in Honeywell International by 1.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 4,376 shares of the conglomerate’s stock worth $988,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $221.79 on Thursday. The stock has a market capitalization of $142.54 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth 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. The business has a 50-day moving average of $217.70 and a 200 day moving average of $215.79. 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 quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 earnings per share. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.04%. Honeywell International’s dividend payout ratio is presently 51.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HON. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Barclays upped their price objective on Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.21.

Honeywell International Company 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.