Bank Pictet & Cie Europe AG Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Bank Pictet & Cie Europe AG boosted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,396 shares of the conglomerate's stock after acquiring an additional 20,700 shares during the period. Bank Pictet & Cie Europe AG's holdings in Honeywell International were worth $34,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. World Investment Advisors raised its holdings in shares of Honeywell International by 137.7% in 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 position in shares of Honeywell International during the fourth quarter worth $361,000. Schroder Investment Management Group raised its holdings in shares of 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 shares of Honeywell International during the fourth quarter worth $435,786,000. Finally, Dynasty Wealth Management LLC raised its holdings in shares of Honeywell International by 52.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after purchasing an additional 3,879 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON traded down $0.20 during trading hours on Monday, reaching $224.09. 2,438,085 shares of the company's stock were exchanged, compared to its average volume of 3,819,407. The firm has a market capitalization of $144.02 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a 50-day moving average of $213.35 and a 200 day moving average of $215.94. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. 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, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the business earned $2.25 EPS. The business's revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HON shares. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America raised 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. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Mizuho lifted their price objective 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. Finally, Wells Fargo & Company lifted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Eight equities research 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. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.14.

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.