Longfellow Investment Management Co. LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Longfellow Investment Management Co. LLC increased its stake in Honeywell International by 35.9%, bringing its total to over $1 million in holdings.
• Several institutional investors have made significant investments in Honeywell, including Capital World Investors, which acquired a position worth approximately $1.59 billion.
• Honeywell International has recently received upgraded ratings from multiple firms, with target prices ranging from $217.00 to $265.00, indicating a positive outlook from analysts.

Longfellow Investment Management Co. LLC grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 35.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,084 shares of the conglomerate's stock after buying an additional 1,344 shares during the period. Longfellow Investment Management Co. LLC's holdings in Honeywell International were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $29,000. Pandora Wealth Inc. bought a new position in Honeywell International during the first quarter worth $33,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the fourth quarter valued at $34,000. Alexis Investment Partners LLC acquired a new position in Honeywell International in the fourth quarter valued at $37,000. Finally, Banque de Luxembourg S.A. bought a new stake in Honeywell International during the fourth quarter valued at $38,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.56 during trading hours on Tuesday, reaching $217.01. The company had a trading volume of 4,340,984 shares, compared to its average volume of 3,802,513. The firm has a market cap of $137.78 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. 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 business has a fifty day simple moving average of $228.28 and a 200 day simple moving average of $216.81.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping 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 return on equity of 37.37% and a net margin of 14.30%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 EPS. On average, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share 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. Shareholders 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 yield of 2.1%. Honeywell International's dividend payout ratio is currently 51.42%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America raised 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. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Mizuho boosted their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Finally, Morgan Stanley lifted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Company 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.