Honeywell International Inc. (NASDAQ:HON) Stock Position Boosted by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,488 shares of the conglomerate's stock after buying an additional 1,262 shares during the quarter. Honeywell International accounts for 1.6% of Asahi Life Asset Management CO. LTD.'s portfolio, making the stock its 19th largest position. Asahi Life Asset Management CO. LTD.'s holdings in Honeywell International were worth $2,433,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HON. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $34,000. Curio Wealth LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $35,000. Finally, Alexis Investment Partners LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $37,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Barclays upped their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company upped 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, July 1st. Finally, Mizuho upped their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Eight equities 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Performance

Shares of HON stock traded up $1.03 during trading hours on Thursday, reaching $237.91. The stock had a trading volume of 807,803 shares, compared to its average volume of 3,849,352. 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 Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a 50-day simple moving average of $227.27 and a 200-day simple moving average of $216.56. The firm has a market capitalization of $152.90 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.67 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the company earned $2.25 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.90%. Honeywell International's dividend payout ratio is presently 51.95%.

Honeywell International 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.