Honeywell International Inc. $HON Holdings Raised by American Century Companies Inc.

Key Points

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American Century Companies Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 301,211 shares of the conglomerate's stock after purchasing an additional 8,493 shares during the period. American Century Companies Inc.'s holdings in Honeywell International were worth $63,782,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Ethic Inc. lifted its holdings in shares of Honeywell International by 33.9% during the first quarter. Ethic Inc. now owns 20,335 shares of the conglomerate's stock valued at $4,341,000 after purchasing an additional 5,143 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 8.5% during the first quarter. EverSource Wealth Advisors LLC now owns 3,320 shares of the conglomerate's stock valued at $703,000 after purchasing an additional 259 shares during the last quarter. Brandywine Global Investment Management LLC lifted its holdings in shares of Honeywell International by 23.6% during the first quarter. Brandywine Global Investment Management LLC now owns 421,382 shares of the conglomerate's stock valued at $89,228,000 after purchasing an additional 80,478 shares during the last quarter. Aberdeen Group plc lifted its holdings in shares of Honeywell International by 141.0% during the first quarter. Aberdeen Group plc now owns 712,447 shares of the conglomerate's stock valued at $150,337,000 after purchasing an additional 416,832 shares during the last quarter. Finally, Marathon Trading Investment Management LLC purchased a new stake in shares of Honeywell International during the first quarter valued at $1,927,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $216.40 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The firm has a market cap of $137.39 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 2.45 and a beta of 1.08. The business's 50-day simple moving average is $227.50 and its 200-day simple moving average is $216.62. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 EPS. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Finally, Barclays increased their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

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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