Headlands Technologies LLC Buys Shares of 22,374 Honeywell International Inc. (NASDAQ:HON)

Key Points

• Headlands Technologies LLC acquired 22,374 shares of Honeywell International, valued at approximately $4.7 million, in the first quarter, indicating strong institutional interest in the company.
• Analysts are optimistic about Honeywell, with Citigroup raising its price target from $242 to $265 and a consensus rating of "Moderate Buy" with an average price target of $254.
• Honeywell reported $2.75 EPS for the last quarter, exceeding estimates and showing an 8.1% revenue increase year-over-year, while also announcing a quarterly dividend of $1.13 per share.

Headlands Technologies LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,374 shares of the conglomerate's stock, valued at approximately $4,738,000.

A number of other large investors have also recently made changes to their positions in HON. Waycross Partners LLC raised its stake in shares of Honeywell International by 26.3% during the 1st quarter. Waycross Partners LLC now owns 124,439 shares of the conglomerate's stock valued at $26,350,000 after purchasing an additional 25,920 shares during the period. Ontario Teachers Pension Plan Board lifted its holdings in shares of Honeywell International by 4.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 1,436,519 shares of the conglomerate's stock worth $304,183,000 after buying an additional 65,265 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Honeywell International by 24.9% in the first quarter. Deutsche Bank AG now owns 1,954,887 shares of the conglomerate's stock worth $413,947,000 after buying an additional 390,284 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Honeywell International by 26.6% in the first quarter. Chicago Partners Investment Group LLC now owns 3,779 shares of the conglomerate's stock valued at $811,000 after acquiring an additional 793 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Honeywell International by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,948,557 shares of the conglomerate's stock worth $836,107,000 after acquiring an additional 47,433 shares during the period. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on HON. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. upped their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Finally, Mizuho upped 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. Eight equities research 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 price target of $254.00.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $219.23 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a fifty day moving average of $229.00 and a 200-day moving average of $217.05. The stock has a market capitalization of $139.19 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.49 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's payout ratio is presently 51.42%.

About Honeywell International

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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