MUFG Securities EMEA plc Purchases 340,001 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• MUFG Securities EMEA plc increased its stake in Honeywell International by 288.1% in Q1, now owning about 458,000 shares valued at approximately $96.98 million.
• Honeywell reported $2.75 EPS for the last quarter, exceeding estimates, alongside a revenue of $10.35 billion, an 8.1% increase year-over-year.
• The company declared a quarterly dividend of $1.13 per share, yielding 2.1%, with the ex-dividend date set for August 15th.

MUFG Securities EMEA plc increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 288.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 458,000 shares of the conglomerate's stock after acquiring an additional 340,001 shares during the quarter. Honeywell International makes up approximately 2.2% of MUFG Securities EMEA plc's holdings, making the stock its 8th biggest holding. MUFG Securities EMEA plc owned approximately 0.07% of Honeywell International worth $96,982,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at $34,000. Alexis Investment Partners LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at $37,000. Banque de Luxembourg S.A. purchased a new position in shares of Honeywell International in the 4th quarter valued at $38,000. Finally, Garde Capital Inc. purchased a new position in shares of Honeywell International in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on HON shares. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Royal Bank Of Canada decreased their target price on shares of 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. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Up 0.1%

Shares of NASDAQ:HON traded up $0.14 during trading on Monday, hitting $216.45. The company had a trading volume of 2,410,224 shares, compared to its average volume of 3,827,516. The stock has a market cap of $137.42 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a fifty day simple moving average of $228.66 and a two-hundred day simple moving average of $216.85. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during 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 revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.49 earnings per share. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's payout ratio is currently 51.42%.

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.