National Pension Service Acquires 120,172 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• The National Pension Service increased its stake in Honeywell International Inc. by 9.6% in the first quarter, holding 1,372,988 shares valued at approximately $290 million.
• Honeywell reported $2.75 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 8.1% year-over-year to $10.35 billion.
• The company declared a quarterly dividend of $1.13 per share, resulting in an annual yield of 2.1%, with a payout ratio of 51.42%.

National Pension Service raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,372,988 shares of the conglomerate's stock after acquiring an additional 120,172 shares during the quarter. National Pension Service owned about 0.21% of Honeywell International worth $290,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $34,000. Pandora Wealth Inc. acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $33,000. Alexis Investment Partners LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $37,000. Finally, Banque de Luxembourg S.A. acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Down 0.7%

HON traded down $1.43 during trading on Friday, reaching $216.77. The company had a trading volume of 2,740,896 shares, compared to its average volume of 3,965,734. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The business's fifty day moving average price is $227.72 and its 200 day moving average price is $216.75. The company has a market cap of $137.63 billion, a P/E ratio of 24.66, a PEG ratio of 2.46 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating 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 firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared 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 of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's payout ratio is presently 51.42%.

Analyst Ratings Changes

Several brokerages have recently commented on HON. Mizuho lifted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Royal Bank Of Canada lowered their price target 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. Wells Fargo & Company lowered their price target 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, July 25th. Finally, Morgan Stanley lifted 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, July 28th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.