Penserra Capital Management LLC Has $17.25 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

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

Several other large investors also recently modified their holdings of HON. Rice Partnership LLC grew its position in shares of Honeywell International by 5.6% during the 1st quarter. Rice Partnership LLC now owns 2,110 shares of the conglomerate's stock worth $447,000 after purchasing an additional 111 shares in the last quarter. Tradewinds LLC. increased its stake in Honeywell International by 4.0% during the 1st quarter. Tradewinds LLC. now owns 31,276 shares of the conglomerate's stock worth $6,623,000 after acquiring an additional 1,209 shares during the period. Sierra Ocean LLC raised its holdings in Honeywell International by 453.1% in the 1st quarter. Sierra Ocean LLC now owns 271 shares of the conglomerate's stock valued at $57,000 after acquiring an additional 222 shares in the last quarter. Vickerman Investment Advisors Inc. lifted its position in shares of Honeywell International by 15.2% during the 1st quarter. Vickerman Investment Advisors Inc. now owns 17,649 shares of the conglomerate's stock valued at $3,737,000 after acquiring an additional 2,334 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Honeywell International by 41.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 31,155 shares of the conglomerate's stock worth $6,597,000 after purchasing an additional 9,087 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.5%

NASDAQ HON traded down $1.19 on Monday, hitting $239.21. The company's stock had a trading volume of 600,033 shares, compared to its average volume of 3,840,207. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market cap of $153.73 billion, a PE ratio of 27.51, a PEG ratio of 2.75 and a beta of 1.07. The company's 50-day moving average is $222.98 and its 200 day moving average is $215.91.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for 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 revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.25 EPS. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.89%. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Wall Street Analyst Weigh In

HON has been the topic of several analyst reports. 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 report on Wednesday, May 7th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Mizuho increased their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.