Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management LLC significantly increased its holdings in Honeywell International by 316.7%, owning 7,000 shares valued at approximately $1.48 million after acquiring 5,320 additional shares.
• Honeywell International announced a quarterly dividend of $1.13 per share, translating to an annual dividend of $4.52 and a yield of 2.1%, with a payout ratio of 51.42%.
• The company's quarterly earnings report indicated an EPS of $2.75, exceeding analyst expectations, and a revenue increase of 8.1% year-over-year, totaling $10.35 billion.

Wolverine Asset Management LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 316.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,000 shares of the conglomerate's stock after buying an additional 5,320 shares during the period. Wolverine Asset Management LLC's holdings in Honeywell International were worth $1,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Honeywell International by 9.1% in the fourth 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. lifted its position in Honeywell International by 4.4% in the fourth 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. Kennedy Capital Management LLC acquired a new stake in Honeywell International in the fourth quarter worth approximately $3,287,000. Covestor Ltd lifted its position in Honeywell International by 17.7% in the fourth quarter. Covestor Ltd now owns 511 shares of the conglomerate's stock worth $116,000 after purchasing an additional 77 shares during the period. Finally, Jaffetilchin Investment Partners LLC lifted its position in Honeywell International by 3.0% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,408 shares of the conglomerate's stock worth $996,000 after purchasing an additional 127 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.1%

Shares of HON stock opened at $216.33 on Friday. 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's 50-day moving average is $228.66 and its 200-day moving average is $216.91. The stock has a market cap of $137.35 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.44 and a beta of 1.08. 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 announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the business earned $2.49 EPS. Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.

Analyst Ratings Changes

A number of research firms have weighed in on HON. Royal Bank Of Canada cut their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Wells Fargo & Company dropped their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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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