OVERSEA CHINESE BANKING Corp Ltd Has $183.73 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 592.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 867,665 shares of the conglomerate's stock after purchasing an additional 742,281 shares during the period. Honeywell International comprises about 0.9% of OVERSEA CHINESE BANKING Corp Ltd's portfolio, making the stock its 24th largest holding. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.13% of Honeywell International worth $183,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HON. Capital World Investors acquired a new position in shares of Honeywell International during the fourth quarter valued at $1,594,216,000. GAMMA Investing LLC lifted its position in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp lifted its position in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Demars Financial Group LLC acquired a new position in Honeywell International during the 4th quarter valued at about $155,407,000. Finally, Boston Partners grew its position in Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock worth $675,986,000 after purchasing an additional 677,213 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.9%

NASDAQ:HON traded up $2.13 during trading hours on Monday, hitting $238.06. 2,911,212 shares of the stock traded hands, compared to its average volume of 4,140,868. The firm has a 50 day moving average price of $225.84 and a 200 day moving average price of $216.23. The firm has a market cap of $153.00 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.68 and a beta of 1.07. 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 current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

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

Honeywell International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HON shares. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Wells Fargo & Company raised their price target on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Finally, Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Eight investment 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 company. Based on data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and an average price target 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.