Exchange Traded Concepts LLC Grows Holdings in Honeywell International Inc. (NASDAQ:HON)

Exchange Traded Concepts LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 110.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,617 shares of the conglomerate's stock after acquiring an additional 15,533 shares during the period. Exchange Traded Concepts LLC's holdings in Honeywell International were worth $6,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. Valmark Advisers Inc. raised its position in shares of Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares during the period. Claris Advisors LLC MO increased its stake in Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after purchasing an additional 49 shares in the last quarter. Avantax Planning Partners Inc. raised its holdings in Honeywell International by 1.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after buying an additional 49 shares during the period. Zions Bancorporation N.A. lifted its stake in Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after buying an additional 50 shares in the last quarter. Finally, Cetera Trust Company N.A boosted its holdings in shares of Honeywell International by 0.5% in the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after buying an additional 50 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on HON shares. Barclays cut their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the stock 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. Finally, Royal Bank of Canada upped their price target on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Stock Performance

Shares of HON stock opened at $224.29 on Monday. The company has a fifty day moving average price of $213.35 and a two-hundred day moving average price of $215.94. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a market cap of $144.15 billion, a P/E ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $2.25 earnings per share. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is 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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.