Fifth Third Wealth Advisors LLC Has $4.13 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Fifth Third Wealth Advisors LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 33.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,515 shares of the conglomerate's stock after purchasing an additional 4,928 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Honeywell International were worth $4,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Honeywell International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after buying an additional 380,299 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after acquiring an additional 627,422 shares during the period. Capital World Investors acquired a new stake in shares of Honeywell International in the 4th quarter valued at $1,594,216,000. Bank of New York Mellon Corp grew its holdings in shares of Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after purchasing an additional 631,761 shares during the last quarter. Finally, Capital Research Global Investors increased its position 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 purchasing an additional 346,190 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research analyst reports. Royal Bank of Canada increased 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. 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 report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Finally, Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Price Performance

NASDAQ HON traded up $0.17 on Thursday, hitting $227.62. 567,068 shares of the company's stock were exchanged, compared to its average volume of 3,808,499. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock has a market cap of $146.29 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 2.51 and a beta of 1.07. The stock has a 50-day moving average of $209.84 and a 200-day moving average of $216.23.

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

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio is 51.95%.

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.