Nan Fung Trinity HK Ltd. Purchases New Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Nan Fung Trinity HK Ltd. invested approximately $16.86 million in Honeywell International Inc., acquiring 79,600 shares, making it the 17th largest holding in their portfolio.
• Honeywell's latest earnings report revealed an EPS of $2.75, surpassing expectations and showing an 8.1% revenue increase year-over-year.
• The company recently announced a quarterly dividend of $1.13 per share, reflecting a 2.01% dividend yield with a payout ratio of 51.42%.

Nan Fung Trinity HK Ltd. acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 79,600 shares of the conglomerate's stock, valued at approximately $16,855,000. Honeywell International accounts for 2.7% of Nan Fung Trinity HK Ltd.'s holdings, making the stock its 17th biggest holding.

Several other hedge funds have also added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $34,000. Alexis Investment Partners LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $37,000. Banque de Luxembourg S.A. bought a new stake in shares of Honeywell International in the fourth quarter valued at about $38,000. Finally, Garde Capital Inc. acquired a new position in shares of Honeywell International during the first quarter worth about $42,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Price Performance

Shares of HON traded up $0.44 during trading hours on Wednesday, hitting $222.16. 4,738,733 shares of the company were exchanged, compared to its average volume of 3,421,981. 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 fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a market cap of $141.05 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 2.51 and a beta of 1.07. The firm's fifty day moving average is $229.35 and its 200 day moving average is $217.06.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $10.01 billion. During the same quarter in the prior year, the business posted $2.49 earnings per share. Honeywell International's revenue was up 8.1% compared to the same quarter last year. On average, equities 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 disclosed 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Mizuho lifted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Morgan Stanley boosted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday. Wells Fargo & Company cut their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Finally, Royal Bank Of Canada reduced their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International 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.