Banque Cantonale Vaudoise Takes Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Banque Cantonale Vaudoise purchased 26,487 shares of Honeywell International Inc., valued at approximately $5.6 million, indicating strong interest from institutional investors.
• Analysts have raised their price targets for Honeywell International, with Morgan Stanley increasing theirs from $225 to $245 and Mizuho from $235 to $250, reflecting positive sentiment in the market.
• Honeywell's recent earnings report showed $2.75 earnings per share, exceeding estimates, and the company announced a quarterly dividend of $1.13 with an annual yield of 2.01%.

Banque Cantonale Vaudoise purchased a new stake 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 SEC. The firm purchased 26,487 shares of the conglomerate's stock, valued at approximately $5,609,000.

Several other hedge funds have also added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International in the fourth quarter valued at about $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $34,000. Alexis Investment Partners LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $37,000. Banque de Luxembourg S.A. acquired a new position in Honeywell International in the fourth quarter valued at approximately $38,000. Finally, Garde Capital Inc. acquired a new position in Honeywell International in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. 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 research note on Wednesday, May 7th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday. 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 company's stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Down 1.5%

Shares of NASDAQ HON traded down $3.36 during mid-day trading on Tuesday, hitting $221.72. 3,645,497 shares of the stock traded hands, compared to its average volume of 3,429,835. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market cap of $140.77 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.58 and a beta of 1.07. The stock has a fifty day moving average price of $229.35 and a 200-day moving average price of $217.03.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's payout ratio is currently 51.42%.

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.