Commerzbank Aktiengesellschaft FI Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Commerzbank Aktiengesellschaft FI boosted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 440,872 shares of the conglomerate's stock after acquiring an additional 23,397 shares during the quarter. Honeywell International comprises about 2.2% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 18th largest holding. Commerzbank Aktiengesellschaft FI owned approximately 0.07% of Honeywell International worth $93,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Mpwm Advisory Solutions LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $34,000. Alexis Investment Partners LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $37,000. Banque de Luxembourg S.A. acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $38,000. Finally, Garde Capital Inc. acquired a new stake in shares of Honeywell International during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 0.7%

HON stock opened at $236.88 on Thursday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market cap of $152.24 billion, a PE ratio of 27.23, a P/E/G ratio of 2.67 and a beta of 1.07. The firm has a 50 day simple moving average of $227.27 and a 200 day simple moving average of $216.56. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

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, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the business earned $2.25 earnings per share. The business's quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.91%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a research report on Wednesday, June 25th. Finally, Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. 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, the stock has an average rating of "Moderate Buy" and an average target price of $250.79.

About Honeywell International

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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