Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Breakwater Capital Group

Breakwater Capital Group boosted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,619 shares of the conglomerate's stock after acquiring an additional 1,144 shares during the quarter. Breakwater Capital Group's holdings in Honeywell International were worth $1,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HON. Capital World Investors acquired a new position in Honeywell International in the 4th quarter worth about $1,594,216,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the fourth quarter worth $435,786,000. ING Groep NV boosted its holdings in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after acquiring an additional 1,574,376 shares during the period. GAMMA Investing LLC boosted its stake in Honeywell International by 20,894.0% during the 1st 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 period. Finally, Cibc World Markets Corp grew its stake 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 worth $285,832,000 after acquiring an additional 1,018,099 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.9%

Shares of NASDAQ HON traded up $2.11 during mid-day trading on Friday, hitting $228.78. 2,215,743 shares of the stock traded hands, compared to its average volume of 3,816,947. The stock has a fifty day moving average price of $210.13 and a 200-day moving average price of $216.21. The company has a market cap of $147.03 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. 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 released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the prior year, the firm posted $2.25 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Ratings Changes

Several brokerages have issued reports on HON. Morgan Stanley lifted their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday. Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $248.14.

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.