Deutsche Bank AG Purchases 390,284 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Deutsche Bank AG increased its stake in Honeywell International by 24.9% by acquiring an additional 390,284 shares, bringing its total ownership to approximately $413.9 million.
• Honeywell reported earnings per share of $2.75, exceeding analysts' estimates, with revenue of $10.35 billion, marking an 8.1% increase from the previous year.
• The company announced a quarterly dividend of $1.13 per share, which leads to an annualized dividend yield of 2.1%.

Deutsche Bank AG lifted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 24.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,954,887 shares of the conglomerate's stock after buying an additional 390,284 shares during the period. Deutsche Bank AG owned about 0.30% of Honeywell International worth $413,947,000 as of its most recent SEC filing.

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

Honeywell International Price Performance

HON opened at $216.58 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The company has a market cap of $137.51 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 2.47 and a beta of 1.08. The stock has a fifty day simple moving average of $228.83 and a two-hundred day simple moving average of $217.01. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 EPS. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. 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 research note on Friday, May 16th. Finally, Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. 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 stock. According to data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $254.00.

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.

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