CCM Investment Group LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,258 shares of the conglomerate's stock, valued at approximately $5,313,000.
Several other hedge funds have also recently added to or reduced their stakes in HON. Brighton Jones LLC boosted its position in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Honeywell International by 4.4% in the 4th quarter. Federated Hermes Inc. now owns 6,028 shares of the conglomerate's stock worth $1,362,000 after purchasing an additional 253 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $3,287,000. Covestor Ltd boosted its position in shares of Honeywell International by 17.7% in the 4th quarter. Covestor Ltd now owns 511 shares of the conglomerate's stock worth $116,000 after purchasing an additional 77 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its position in shares of Honeywell International by 3.0% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,408 shares of the conglomerate's stock worth $996,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 75.91% of the company's stock.
Honeywell International Stock Up 0.3%
Shares of HON stock traded up $0.56 during trading hours on Tuesday, reaching $217.01. 4,340,984 shares of the company's stock were exchanged, compared to its average volume of 3,802,513. The stock's 50 day moving average is $228.48 and its 200-day moving average is $216.81. The company has a market cap of $137.78 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.44 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is 51.42%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on HON shares. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Citigroup raised their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Eight investment 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.
Check Out Our Latest Analysis on HON
About Honeywell International
(
Free Report)
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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