Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Private Wealth Partners LLC

Private Wealth Partners LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,853 shares of the conglomerate's stock after acquiring an additional 9,990 shares during the quarter. Honeywell International makes up about 2.0% of Private Wealth Partners LLC's holdings, making the stock its 14th largest holding. Private Wealth Partners LLC's holdings in Honeywell International were worth $24,532,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HON. Capital World Investors acquired a new position in shares of Honeywell International during the fourth quarter valued at approximately $1,594,216,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $435,786,000. ING Groep NV increased its holdings in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares during the last quarter. Finally, Cibc World Markets Corp increased its holdings in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 1.3%

Honeywell International stock traded up $2.94 during midday trading on Monday, reaching $224.74. The company's stock had a trading volume of 2,579,181 shares, compared to its average volume of 3,809,985. 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 quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The company has a market cap of $144.44 billion, a P/E ratio of 25.83, a P/E/G ratio of 2.59 and a beta of 1.08. The business has a 50-day simple moving average of $216.61 and a 200-day simple moving average of $215.69.

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

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Royal Bank Of Canada increased their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays increased their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $249.21.

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.