CapWealth Advisors LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,085 shares of the conglomerate's stock after purchasing an additional 2,201 shares during the quarter. CapWealth Advisors LLC's holdings in Honeywell International were worth $13,147,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after buying an additional 380,299 shares during the period. Geode Capital Management LLC increased its position in Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after buying an additional 627,422 shares during the period. Capital World Investors acquired a new position in shares of Honeywell International during the fourth quarter valued at $1,594,216,000. Capital Research Global Investors increased its holdings in shares of Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after purchasing an additional 346,190 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Honeywell International by 5.7% during the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock valued at $1,412,619,000 after purchasing an additional 337,199 shares during the period. 75.91% of the stock is currently owned by institutional investors.
Honeywell International Stock Down 0.4%
NASDAQ HON traded down $0.84 during trading on Friday, reaching $235.93. 2,417,149 shares of the company's stock were exchanged, compared to its average volume of 3,856,138. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a market capitalization of $151.63 billion, a PE ratio of 27.12, a P/E/G ratio of 2.69 and a beta of 1.07. 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 company's fifty day simple moving average is $225.84 and its 200-day simple moving average is $216.42.
Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping 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 firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company posted $2.25 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.
Honeywell International Dividend Announcement
The firm 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. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. Honeywell International's payout ratio is presently 51.95%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Finally, Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday. Eight 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $250.79.
View Our Latest Stock Report on Honeywell International
Honeywell International Profile
(
Free Report)
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.
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