Cerity Partners LLC Has $104.69 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Cerity Partners LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 494,424 shares of the conglomerate's stock after buying an additional 57,296 shares during the quarter. Cerity Partners LLC owned 0.08% of Honeywell International worth $104,694,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Honeywell International by 0.6% in 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 lifted its position in shares of 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 last quarter. Capital World Investors bought a new stake in shares of Honeywell International during the 4th quarter worth about $1,594,216,000. Capital Research Global Investors boosted its stake in shares of 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 acquiring an additional 346,190 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock valued at $1,412,619,000 after acquiring an additional 337,199 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on HON. Mizuho boosted 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. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, 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 research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Stock Performance

HON stock traded down $0.84 during midday trading on Friday, hitting $235.93. The stock had a trading volume of 2,417,149 shares, compared to its average volume of 3,856,138. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a market capitalization of $151.63 billion, a price-to-earnings 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 stock has a 50-day simple moving average of $225.41 and a 200 day simple moving average of $216.38.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.25 earnings per share. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current 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 paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.92%. Honeywell International's dividend payout ratio is currently 51.95%.

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.