E Fund Management Co. Ltd. Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• E Fund Management Co. Ltd. increased its holdings in Honeywell International Inc. by 97.2% in the first quarter, owning 18,343 shares valued at approximately $3.88 million.
• Several analysts have revised their price targets for Honeywell, with a consensus rating of "Moderate Buy" and an average target price of $254.00.
• Honeywell International reported $2.75 EPS for the quarter, beating analysts' estimates, and announced a quarterly dividend of $1.13 per share with a yield of 2.1%.

E Fund Management Co. Ltd. lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 97.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,343 shares of the conglomerate's stock after acquiring an additional 9,039 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Honeywell International were worth $3,884,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HON. Brighton Jones LLC boosted its stake in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after purchasing an additional 1,582 shares during the period. Federated Hermes Inc. boosted its stake in Honeywell International by 4.4% during the 4th quarter. Federated Hermes Inc. now owns 6,028 shares of the conglomerate's stock worth $1,362,000 after purchasing an additional 253 shares during the period. Seeds Investor LLC acquired a new stake in Honeywell International during the 4th quarter worth $205,000. Trustmark National Bank Trust Department acquired a new stake in Honeywell International during the 4th quarter worth $208,000. Finally, Mariner LLC lifted its stake in shares of Honeywell International by 22.7% in the 4th quarter. Mariner LLC now owns 419,204 shares of the conglomerate's stock worth $94,696,000 after acquiring an additional 77,600 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ:HON traded down $1.43 during trading on Friday, reaching $216.77. The company's stock had a trading volume of 2,740,896 shares, compared to its average volume of 3,965,734. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. 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 50 day moving average of $227.96 and a 200-day moving average of $216.78. The firm has a market cap of $137.63 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.46 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm 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 business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $2.49 EPS. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given 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 yield of 2.1%. Honeywell International's payout ratio is 51.42%.

Analyst Ratings Changes

A number of equities analysts have issued reports on HON shares. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho lifted their target price 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. Wells Fargo & Company cut their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. 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 company. According to data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International 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.