Honeywell International Inc. (NASDAQ:HON) Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 51.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,052 shares of the conglomerate's stock after acquiring an additional 5,470 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Honeywell International were worth $3,399,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors raised its holdings in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares in the last quarter. Schroder Investment Management Group raised its holdings in Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after acquiring an additional 10,092 shares in the last quarter. Red Door Wealth Management LLC raised its holdings in Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares in the last quarter. Potomac Fund Management Inc. ADV acquired a new stake in Honeywell International during the fourth quarter worth approximately $1,722,000. Finally, Petros Family Wealth LLC acquired a new stake in Honeywell International during the fourth quarter worth approximately $383,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HON. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Barclays raised their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Mizuho raised 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, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $250.29.

Honeywell International Stock Performance

NASDAQ:HON opened at $239.35 on Tuesday. The firm's fifty day moving average price is $223.75 and its 200 day moving average price is $215.99. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a market cap of $153.83 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data 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 net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the firm posted $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.89%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.

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