Allspring Global Investments Holdings LLC Has $66.73 Million Position in Honeywell International Inc. (NASDAQ:HON)

Allspring Global Investments Holdings LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 312,631 shares of the conglomerate's stock after acquiring an additional 37,656 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Honeywell International were worth $66,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Claris Advisors LLC MO raised its position in Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock valued at $241,000 after acquiring an additional 49 shares in the last quarter. Avantax Planning Partners Inc. boosted its position in Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after purchasing an additional 49 shares during the period. Zions Bancorporation N.A. raised its position in shares of Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after purchasing an additional 50 shares during the period. Cetera Trust Company N.A raised its holdings in 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 acquiring an additional 50 shares during the period. Finally, Kennedy Investment Group lifted its position in Honeywell International by 1.7% during the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock worth $639,000 after acquiring an additional 51 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Royal Bank Of Canada reissued a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a report on Wednesday, June 25th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays upped their price objective on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Finally, Wells Fargo & Company boosted their price target on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $250.29.

Honeywell International Stock Performance

Honeywell International stock traded up $0.48 during mid-day trading on Wednesday, hitting $239.25. 3,147,911 shares of the company's stock traded hands, compared to its average volume of 3,832,032. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $153.76 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.71 and a beta of 1.07. The firm has a 50 day simple moving average of $220.52 and a two-hundred day simple moving average of $215.82. 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 (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.89%. Honeywell International's payout ratio is 51.95%.

About Honeywell International

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.