GF Fund Management CO. LTD. acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 123,236 shares of the conglomerate's stock, valued at approximately $27,838,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co lifted its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at about $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have commented on the company. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Wells Fargo & Company increased their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Barclays cut their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Citigroup decreased their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Eight investment 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.57.
Get Our Latest Research Report on HON
Honeywell International Trading Up 0.1%
Shares of NASDAQ:HON traded up $0.23 during midday trading on Thursday, hitting $224.84. The company had a trading volume of 2,748,527 shares, compared to its average volume of 3,785,596. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market cap of $144.50 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.51 and a beta of 1.07. The firm has a fifty day simple moving average of $208.47 and a 200 day simple moving average of $216.38.
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 the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 earnings per share. On average, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.
Honeywell International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is 51.95%.
About Honeywell International
(
Free Report)
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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