Nwam LLC Acquires 1,339 Shares of Honeywell International Inc. (NASDAQ:HON)

Nwam LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,915 shares of the conglomerate's stock after purchasing an additional 1,339 shares during the quarter. Nwam LLC's holdings in Honeywell International were worth $5,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Honeywell International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares in the last quarter. Capital World Investors purchased a new stake in shares of Honeywell International during the fourth quarter worth about $1,594,216,000. Capital Research Global Investors grew its position in shares of Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Honeywell International by 5.7% during the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after purchasing an additional 337,199 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

HON traded down $0.66 on Friday, reaching $237.71. 699,588 shares of the stock were exchanged, compared to its average volume of 3,848,345. The company's 50-day moving average price is $227.75 and its 200 day moving average price is $216.64. 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 debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a market capitalization of $152.77 billion, a PE ratio of 27.32, a PEG ratio of 2.69 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.90%. Honeywell International's payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank Of Canada reissued a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Bank of America raised 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $250.79.

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.

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