Banco Santander S.A. Acquires Shares of 8,978 Honeywell International Inc. (NASDAQ:HON)

Key Points

• Banco Santander S.A. has made a new investment in Honeywell International Inc., acquiring approximately $1.90 million worth of shares in the first quarter.
• A significant number of other investors, including Capital World Investors and GAMMA Investing LLC, have also made large investments in Honeywell International recently.
• Honeywell's stock has received a consensus rating of "Moderate Buy" from analysts, with price targets ranging from $217.00 to $265.00.

Banco Santander S.A. acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 8,978 shares of the conglomerate's stock, valued at approximately $1,901,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors bought a new position in shares of Honeywell International in the fourth quarter valued at $1,594,216,000. GAMMA Investing LLC grew its stake in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Honeywell International by 592.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after buying an additional 742,281 shares in the last quarter. Demars Financial Group LLC bought a new position in shares of Honeywell International in the fourth quarter valued at $155,407,000. Finally, Leigh Baldwin & CO. LLC bought a new position in shares of Honeywell International in the fourth quarter valued at $123,294,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on HON shares. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Trading Up 0.1%

Shares of Honeywell International stock traded up $0.27 during midday trading on Tuesday, reaching $221.06. The company had a trading volume of 2,311,175 shares, compared to its average volume of 3,747,132. The stock has a fifty day moving average price of $229.22 and a 200 day moving average price of $217.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The firm has a market cap of $140.35 billion, a PE ratio of 25.15, a P/E/G ratio of 2.49 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same period in the previous year, the firm earned $2.49 earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.0%. 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.