Aigen Investment Management LP acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,744 shares of the conglomerate's stock, valued at approximately $3,334,000. Honeywell International accounts for about 0.5% of Aigen Investment Management LP's holdings, making the stock its 27th largest holding.
Other large investors have also modified their holdings of the company. Kirtland Hills Capital Management LLC boosted its holdings in shares of Honeywell International by 1.1% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after buying an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Honeywell International by 0.6% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock worth $1,857,000 after buying an additional 48 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock worth $433,000 after purchasing an additional 49 shares in the last quarter. Cetera Trust Company N.A lifted its holdings in shares of Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after purchasing an additional 50 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Honeywell International by 12.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock worth $99,000 after purchasing an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors.
Honeywell International Price Performance
HON stock traded up $0.56 during midday trading on Tuesday, reaching $217.01. The company had a trading volume of 4,340,984 shares, compared to its average volume of 3,802,513. The firm has a 50-day moving average price of $228.48 and a 200-day moving average price of $216.81. The company has a market capitalization of $137.78 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.44 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.
Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same period last year, the firm earned $2.49 earnings per share. Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio is 51.42%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports 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 lowered their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Finally, Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.00.
Check Out Our Latest Research Report on Honeywell International
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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