DekaBank Deutsche Girozentrale Raises Position in Honeywell International Inc. (NASDAQ:HON)

DekaBank Deutsche Girozentrale raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 675,758 shares of the conglomerate's stock after acquiring an additional 77,510 shares during the period. DekaBank Deutsche Girozentrale owned about 0.11% of Honeywell International worth $142,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its holdings in shares of Honeywell International by 5.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 21,881 shares of the conglomerate's stock valued at $4,633,000 after buying an additional 1,144 shares during the period. Robocap Asset Management Ltd increased its stake in Honeywell International by 66.1% during the first quarter. Robocap Asset Management Ltd now owns 20,027 shares of the conglomerate's stock worth $4,241,000 after acquiring an additional 7,971 shares during the last quarter. CapWealth Advisors LLC boosted its stake in shares of Honeywell International by 3.7% during the 1st quarter. CapWealth Advisors LLC now owns 62,085 shares of the conglomerate's stock worth $13,147,000 after purchasing an additional 2,201 shares during the period. Liberty One Investment Management LLC lifted its holdings in Honeywell International by 8.9% during the 1st quarter. Liberty One Investment Management LLC now owns 22,075 shares of the conglomerate's stock valued at $4,674,000 after buying an additional 1,809 shares in the last quarter. Finally, Stratos Investment Management LLC increased its position in Honeywell International by 32.4% during the 1st quarter. Stratos Investment Management LLC now owns 10,563 shares of the conglomerate's stock valued at $2,237,000 after purchasing an additional 2,583 shares during the period. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on HON shares. Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company upped 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 note on Tuesday, July 1st. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Barclays increased their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Eight 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. According to data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $250.29.

Honeywell International Trading Up 0.2%

HON stock traded up $0.45 during trading on Tuesday, hitting $239.80. The company had a trading volume of 2,767,724 shares, compared to its average volume of 3,844,151. The stock has a market cap of $154.12 billion, a PE ratio of 27.56, a PEG ratio of 2.75 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 business has a 50-day moving average of $223.75 and a 200-day moving average of $215.99. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $2.25 EPS. The business's revenue was up 7.9% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.88%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.