Principal Financial Group Inc. Has $167.17 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Principal Financial Group Inc. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 789,477 shares of the conglomerate's stock after selling 6,142 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Honeywell International worth $167,172,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Avalon Trust Co increased its holdings in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the last quarter. 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. Curio Wealth LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $37,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HON. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho upped their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Citigroup upped their price target on shares of 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. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Barclays raised their price target on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $250.29.

Honeywell International Stock Down 0.2%

Shares of HON traded down $0.36 during mid-day trading on Monday, hitting $240.04. 109,102 shares of the company's stock were exchanged, compared to its average volume of 3,838,196. The company has a market cap of $154.27 billion, a PE ratio of 27.62, a P/E/G ratio of 2.75 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a 50-day simple moving average of $222.98 and a 200 day simple moving average of $215.91. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

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. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 EPS. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.88%. Honeywell International's dividend payout ratio is 51.95%.

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.