Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 361,353 shares of the conglomerate's stock after purchasing an additional 22,094 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of Honeywell International worth $76,516,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors boosted its stake in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after buying an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $361,000. Schroder Investment Management Group increased its position in Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Honeywell International during the fourth quarter worth about $435,786,000. Finally, Dynasty Wealth Management LLC grew its stake in shares of Honeywell International by 52.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock valued at $2,559,000 after buying an additional 3,879 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Citigroup lifted 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. Finally, Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $0.14 during mid-day trading on Tuesday, hitting $224.60. 3,583,410 shares of the company were exchanged, compared to its average volume of 3,809,085. The firm has a market cap of $144.35 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The stock has a 50 day simple moving average of $216.61 and a 200-day simple moving average of $215.69. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the company earned $2.25 earnings per share. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 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.