1,266 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by Johnson Financial Group LLC

Key Points

• Johnson Financial Group LLC invested $268,000 in Honeywell International Inc., acquiring 1,266 shares during the first quarter, indicating growing institutional interest in the stock.
• Honeywell International reported an EPS of $2.75 for the last quarter, surpassing analysts' expectations of $2.66, with revenue rising to $10.35 billion.
• The company recently announced a quarterly dividend of $1.13 per share, representing an annualized dividend yield of 2.1% for shareholders of record by August 15th.

Johnson Financial Group LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,266 shares of the conglomerate's stock, valued at approximately $268,000.

Other large investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC bought a new position in Honeywell International during the 4th quarter valued at about $34,000. Alexis Investment Partners LLC bought a new position in Honeywell International during the 4th quarter valued at about $37,000. Banque de Luxembourg S.A. bought a new position in Honeywell International during the 4th quarter valued at about $38,000. Finally, Garde Capital Inc. bought a new position in Honeywell International during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HON. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Mizuho raised their price target 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. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Eight equities research 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.14 during midday trading on Monday, hitting $216.45. The company had a trading volume of 2,410,224 shares, compared to its average volume of 3,827,516. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The business has a 50-day simple moving average of $228.48 and a two-hundred day simple moving average of $216.81. The firm has a market capitalization of $137.42 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $1.13 per share. 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 is currently 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.