Plan Group Financial LLC Buys 4,127 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Plan Group Financial LLC significantly increased its stake in Honeywell International, raising holdings by 106.3% in Q1, which now totals 8,011 shares worth approximately $1.7 million.
• The company's stock price opened at $220.79 and has a 52-week range between $179.36 and $242.77, while predicting an EPS of 10.34 for the current year.
• Honeywell recently declared a quarterly dividend of $1.13 per share, reflecting an annualized payout of $4.52 and a dividend yield of 2.0%.

Plan Group Financial LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 106.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,011 shares of the conglomerate's stock after acquiring an additional 4,127 shares during the period. Plan Group Financial LLC's holdings in Honeywell International were worth $1,696,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HON. Capital World Investors acquired a new position in shares of Honeywell International in the 4th quarter worth $1,594,216,000. GAMMA Investing LLC grew its holdings in shares of Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock valued at $183,728,000 after buying an additional 742,281 shares in the last quarter. Demars Financial Group LLC purchased a new position in Honeywell International in the fourth quarter valued at about $155,407,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in Honeywell International in the fourth quarter valued at about $123,294,000. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Royal Bank Of Canada dropped their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.00.

Honeywell International Trading Down 1.2%

Shares of HON stock traded down $2.65 during trading hours on Thursday, reaching $216.58. The company had a trading volume of 2,885,321 shares, compared to its average volume of 3,763,510. The company has a 50 day moving average of $228.83 and a 200 day moving average of $217.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The firm has a market cap of $137.51 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.47 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the business posted $2.49 EPS. The firm's revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS 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 issued a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is presently 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.