Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Value Partners Investments Inc.

Value Partners Investments Inc. lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 51.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,928 shares of the conglomerate’s stock after purchasing an additional 1,342 shares during the period. Value Partners Investments Inc.’s holdings in Honeywell International were worth $832,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HON. World Investment Advisors raised its holdings in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock valued at $5,057,000 after acquiring an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. acquired a new stake in Honeywell International in the fourth quarter valued at $361,000. Schroder Investment Management Group raised its holdings in Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock valued at $20,235,000 after acquiring an additional 10,092 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Honeywell International in the fourth quarter valued at $435,786,000. Finally, Dynasty Wealth Management LLC raised its holdings in Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock valued at $2,559,000 after acquiring an additional 3,879 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on HON. Barclays upped their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.21.

Honeywell International Stock Down 1.3%

HON stock opened at $221.79 on Thursday. The firm has a fifty day moving average price of $217.70 and a two-hundred day moving average price of $215.79. The firm has a market cap of $142.54 billion, a price-to-earnings ratio of 25.49, a PEG 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 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly 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. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 dividend yield of 2.04%. Honeywell International’s dividend payout ratio is currently 51.95%.

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.