Penserra Capital Management LLC Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Penserra Capital Management LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 41.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,456 shares of the conglomerate's stock after acquiring an additional 24,026 shares during the quarter. Penserra Capital Management LLC's holdings in Honeywell International were worth $17,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Avalon Trust Co increased its stake in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International in the fourth quarter valued at $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the fourth quarter valued at $34,000. Curio Wealth LLC acquired a new position in Honeywell International in the fourth quarter valued at $35,000. Finally, Alexis Investment Partners LLC acquired a new position in Honeywell International in the fourth quarter valued at $37,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $1.11 on Tuesday, hitting $240.46. The company's stock had a trading volume of 1,181,348 shares, compared to its average volume of 3,838,119. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a market capitalization of $154.54 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. 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 stock has a 50 day moving average of $223.75 and a 200-day moving average of $215.99.

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

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HON shares. JPMorgan Chase & Co. boosted their price target 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. Wells Fargo & Company boosted their price target on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Citigroup boosted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.29.

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.