Invesco LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Invesco LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 122.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,316 shares of the conglomerate's stock after buying an additional 4,570 shares during the period. Invesco LLC's holdings in Honeywell International were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Claris Advisors LLC MO raised its holdings in shares of Honeywell International by 4.8% in the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after buying an additional 49 shares during the period. Avantax Planning Partners Inc. grew its position in Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after acquiring an additional 49 shares during the last quarter. Zions Bancorporation N.A. increased its stake in Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after purchasing an additional 50 shares during the period. Cetera Trust Company N.A raised its stake in shares of Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares in the last quarter. Finally, Kennedy Investment Group boosted its holdings in shares of Honeywell International by 1.7% in the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock valued at $639,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho boosted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Barclays boosted their target price 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. Finally, Royal Bank Of Canada increased their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $0.14 during trading on Tuesday, reaching $224.60. 3,583,422 shares of the company's stock traded hands, compared to its average volume of 3,809,085. The firm has a market cap of $144.35 billion, a PE ratio of 25.82, a P/E/G ratio of 2.59 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The company has a 50-day simple moving average of $216.61 and a 200-day simple moving average of $215.69.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 EPS. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is presently 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.