IFM Investors Pty Ltd Purchases 12,049 Shares of Honeywell International Inc. (NASDAQ:HON)

IFM Investors Pty Ltd raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 21.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 68,491 shares of the conglomerate's stock after purchasing an additional 12,049 shares during the quarter. IFM Investors Pty Ltd's holdings in Honeywell International were worth $14,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avalon Trust Co increased its stake in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $34,000. Curio Wealth LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $35,000. Finally, Alexis Investment Partners LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $37,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $1.26 during midday trading on Friday, reaching $240.52. 1,903,189 shares of the company's stock traded hands, compared to its average volume of 3,853,027. The company has a market cap of $154.57 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.75 and a beta of 1.07. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a 50 day moving average of $222.98 and a 200 day moving average of $215.99.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the prior year, the company posted $2.25 earnings per share. The company's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate 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 was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HON. Wells Fargo & Company upped their price target on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Barclays upped their price target on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Finally, 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 research note on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $250.29.

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.