Harel Insurance Investments & Financial Services Ltd. Has $82.96 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Harel Insurance Investments & Financial Services Ltd. raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 65,414.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 391,779 shares of the conglomerate's stock after acquiring an additional 391,181 shares during the quarter. Honeywell International comprises 1.1% of Harel Insurance Investments & Financial Services Ltd.'s holdings, making the stock its 25th largest position. Harel Insurance Investments & Financial Services Ltd. owned 0.06% of Honeywell International worth $82,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Capital World Investors acquired a new stake in shares of Honeywell International during the 4th quarter worth $1,594,216,000. Raymond James Financial Inc. bought a new stake in shares of Honeywell International during the fourth quarter worth $435,786,000. GAMMA Investing LLC boosted its holdings in shares of Honeywell International by 20,894.0% during the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after acquiring an additional 1,320,295 shares in the last quarter. Cibc World Markets Corp grew its position in Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares during the last quarter. Finally, Demars Financial Group LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $155,407,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Barclays lifted their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. 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. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and an average target price of $250.29.

Honeywell International Price Performance

NASDAQ HON opened at $240.52 on Friday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market cap of $154.57 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The firm's 50-day simple moving average is $222.15 and its two-hundred day simple moving average is $216.01.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. Honeywell International's dividend payout ratio is presently 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.

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