Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Banque Pictet & Cie SA

Banque Pictet & Cie SA grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,968 shares of the conglomerate's stock after purchasing an additional 9,508 shares during the quarter. Banque Pictet & Cie SA's holdings in Honeywell International were worth $30,273,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HON. Vanguard Group Inc. grew its position in Honeywell International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares during the last quarter. Geode Capital Management LLC grew its position in Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the last quarter. Capital World Investors purchased a new stake in Honeywell International during the 4th quarter worth approximately $1,594,216,000. Capital Research Global Investors grew its position in Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares during the last quarter. Finally, Northern Trust Corp grew its position in Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after purchasing an additional 337,199 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

NASDAQ:HON traded down $0.84 during trading hours on Friday, reaching $235.93. 2,417,149 shares of the company were exchanged, compared to its average volume of 3,863,234. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The stock's 50-day moving average is $225.84 and its 200-day moving average is $216.34. The firm has a market cap of $151.63 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Mizuho upped 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. Citigroup upped their price objective 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. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $250.79.

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.