R Squared Ltd Buys 4,580 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• R Squared Ltd significantly increased its stake in Honeywell International by 2,181.0%, making it the fund's 9th largest holding, valued at approximately $1,014,000.
• Honeywell's stock was down 2.1% recently but reported earnings of $2.75 per share, surpassing analyst estimates, with revenue up 8.1% year-over-year.
• Several research firms have adjusted their price targets for Honeywell, with JPMorgan raising it from $182 to $217, while Wells Fargo decreased theirs from $240 to $230, reflecting varying analysts' sentiments.

R Squared Ltd increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2,181.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,790 shares of the conglomerate's stock after buying an additional 4,580 shares during the period. Honeywell International comprises 1.1% of R Squared Ltd's portfolio, making the stock its 9th largest holding. R Squared Ltd's holdings in Honeywell International were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in Honeywell International during the fourth quarter worth about $464,000. World Investment Advisors raised its position in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Arete Wealth Advisors LLC raised its position in Honeywell International by 121.9% during the fourth quarter. Arete Wealth Advisors LLC now owns 9,187 shares of the conglomerate's stock worth $2,134,000 after acquiring an additional 5,046 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its position in Honeywell International by 21.9% during the fourth quarter. DF Dent & Co. Inc. now owns 4,293 shares of the conglomerate's stock worth $970,000 after acquiring an additional 771 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HON shares. Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company cut 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 report on Friday, July 25th. Barclays boosted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, 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 research report on Wednesday, May 7th. Eight 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Trading Up 1.4%

HON traded up $3.08 during trading on Monday, hitting $220.79. 3,451,864 shares of the company's stock were exchanged, compared to its average volume of 3,710,047. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a 50 day moving average price of $229.24 and a 200 day moving average price of $217.02. The firm has a market cap of $140.18 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 2.46 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 earnings per share. As a group, 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. Stockholders of record on Friday, August 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.0%. Honeywell International's dividend payout ratio is 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.