OVERSEA CHINESE BANKING Corp Ltd boosted its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 592.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 867,665 shares of the conglomerate’s stock after purchasing an additional 742,281 shares during the quarter. Honeywell International makes up 0.9% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 24th biggest position. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.13% of Honeywell International worth $183,728,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors bought a new position in shares of Honeywell International during the fourth quarter valued at $1,594,216,000. GAMMA Investing LLC increased its holdings in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock worth $2,809,110,000 after buying an additional 1,320,295 shares in the last quarter. Cibc World Markets Corp increased its holdings in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after buying an additional 1,018,099 shares in the last quarter. Demars Financial Group LLC bought a new stake in Honeywell International in the 4th quarter worth about $155,407,000. Finally, Boston Partners increased its holdings in Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after buying an additional 677,213 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.
Honeywell International Stock Down 0.4%
NASDAQ HON opened at $235.93 on Monday. The stock’s 50 day moving average is $225.84 and its 200 day moving average is $216.23. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market cap of $151.63 billion, a PE ratio of 27.12, a P/E/G ratio of 2.68 and a beta of 1.07.
Honeywell International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.
Analysts Set New Price Targets
Several research firms recently commented on HON. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $226.00 target price on shares of Honeywell International in a research report on Wednesday, June 25th. Barclays raised their target price on Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Citigroup raised their target price on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. 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 has an average rating of “Moderate Buy” and an average price target of $250.79.
Get Our Latest Analysis on Honeywell International
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.
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