Maven Securities LTD Raises Stock Holdings in Honeywell International Inc. $HON

Key Points

• Maven Securities LTD increased its stake in Honeywell International Inc. by 138.7% in Q1, owning 13,182 shares valued at approximately $2.79 million as of its latest filing.
• Wall Street analysts have raised their target prices for Honeywell, with an average target price of $254.00 and a consensus rating of "Moderate Buy."
• Honeywell International recently announced a quarterly dividend of $1.13 per share, representing an annual yield of 2.1%, with a payout ratio of 51.42%.

Maven Securities LTD increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 138.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,182 shares of the conglomerate's stock after acquiring an additional 7,660 shares during the quarter. Maven Securities LTD's holdings in Honeywell International were worth $2,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the fourth quarter worth about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $34,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $33,000. Banque de Luxembourg S.A. purchased a new position in Honeywell International in the fourth quarter valued at approximately $38,000. Finally, Stone House Investment Management LLC bought a new position in Honeywell International during the first quarter valued at $41,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HON shares. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada dropped their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Morgan Stanley upped their price target 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 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Down 0.2%

Honeywell International stock opened at $216.40 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $137.39 billion, a P/E ratio of 24.62, a PEG ratio of 2.45 and a beta of 1.08. The firm's fifty day moving average price is $227.50 and its 200-day moving average price is $216.62.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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. 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 during the quarter, compared to analysts' expectations of $10.01 billion. During the same period in the previous year, the business earned $2.49 earnings per share. The firm's revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors 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 2.1%. The ex-dividend date of this dividend is Friday, August 15th. 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.

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