Honeywell International Inc. (NASDAQ:HON) is WIM INVESTMENT MANAGEMENT Ltd's 9th Largest Position

Key Points

• WIM INVESTMENT MANAGEMENT Ltd increased its stake in Honeywell International Inc. by 40.5% during the first quarter, making it the firm's 9th largest position with a value of $6.1 million.
• Honeywell reported quarterly earnings of $2.75 EPS, exceeding analyst estimates of $2.66, with a revenue of $10.35 billion, up 8.1% year-over-year.
• The company announced a quarterly dividend of $1.13, resulting in a 2.01% yield, with a payout ratio of 51.42% as of the most recent quarter.

WIM INVESTMENT MANAGEMENT Ltd lifted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 40.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 28,800 shares of the conglomerate's stock after acquiring an additional 8,300 shares during the quarter. Honeywell International makes up 2.5% of WIM INVESTMENT MANAGEMENT Ltd's investment portfolio, making the stock its 9th largest position. WIM INVESTMENT MANAGEMENT Ltd's holdings in Honeywell International were worth $6,098,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HON. Kirtland Hills Capital Management LLC grew its holdings in Honeywell International by 1.1% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after buying an additional 48 shares in the last quarter. Gateway Wealth Partners LLC boosted its position in shares of Honeywell International by 2.5% in the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after acquiring an additional 49 shares during the period. Cetera Trust Company N.A grew its stake in Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its holdings in Honeywell International by 12.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock worth $99,000 after acquiring an additional 50 shares during the period. Finally, VSM Wealth Advisory LLC lifted its stake in Honeywell International by 4.8% in the 1st quarter. VSM Wealth Advisory LLC now owns 1,100 shares of the conglomerate's stock worth $233,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock opened at $225.08 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. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a market capitalization of $144.65 billion, a P/E ratio of 25.61, a PEG ratio of 2.52 and a beta of 1.07. The stock has a 50 day moving average price of $229.42 and a two-hundred day moving average price of $216.99.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping 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 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 quarter last year, the firm earned $2.49 EPS. 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, September 5th. Shareholders of record on Friday, August 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HON. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada dropped their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday. 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. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research note on Wednesday, May 7th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.