Machina Capital S.A.S. Buys 11,044 Shares of Honeywell International Inc. (NASDAQ:HON)

Machina Capital S.A.S. raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 619.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,826 shares of the conglomerate's stock after acquiring an additional 11,044 shares during the quarter. Machina Capital S.A.S.'s holdings in Honeywell International were worth $2,716,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Honeywell International by 5.2% during the 4th quarter. American Century Companies Inc. now owns 292,718 shares of the conglomerate's stock worth $66,122,000 after acquiring an additional 14,408 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $248,000. Ashton Thomas Securities LLC grew its stake in Honeywell International by 10.8% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,248 shares of the conglomerate's stock valued at $282,000 after acquiring an additional 122 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its stake in Honeywell International by 7.4% in the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HON. Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup lifted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Eight investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $252.00.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $0.24 during trading hours on Friday, hitting $224.24. 5,645,057 shares of the company's stock traded hands, compared to its average volume of 3,343,010. The company's fifty day simple moving average is $229.41 and its two-hundred day simple moving average is $216.97. The company has a market cap of $144.12 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 2.52 and a beta of 1.07. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.95 and a current ratio of 1.29. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

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

Honeywell International Announces Dividend

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. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. Honeywell International's dividend payout ratio (DPR) 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.