Qtron Investments LLC Boosts Stock Position in Honeywell International Inc. $HON

Key Points

• Qtron Investments LLC raised its stake in Honeywell International Inc. by 53.4%, now holding 6,088 shares worth approximately $1,289,000.
• Honeywell's recent earnings report revealed an EPS of $2.75, surpassing analysts' expectations of $2.66, with a revenue of $10.35 billion.
• The company declared a quarterly dividend of $1.13 per share, representing an annual yield of 2.1% and a payout ratio of 51.42%.

Qtron Investments LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 53.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,088 shares of the conglomerate's stock after purchasing an additional 2,120 shares during the quarter. Qtron Investments LLC's holdings in Honeywell International were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC increased its position in Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares in the last quarter. Spinnaker Trust grew its holdings in Honeywell International by 2.4% in the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after buying an additional 276 shares during the period. Beacon Financial Group grew its holdings in Honeywell International by 52.6% in the 1st quarter. Beacon Financial Group now owns 3,759 shares of the conglomerate's stock valued at $796,000 after buying an additional 1,295 shares during the period. WIM INVESTMENT MANAGEMENT Ltd grew its holdings in Honeywell International by 40.5% in the 1st quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 28,800 shares of the conglomerate's stock valued at $6,098,000 after buying an additional 8,300 shares during the period. Finally, Codex Capital Asset Management L.L.C. purchased a new stake in Honeywell International in the 1st quarter valued at about $5,294,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock opened at $216.77 on Monday. The stock's 50 day moving average price is $227.72 and its 200 day moving average price is $216.67. The firm has a market capitalization of $137.63 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 EPS. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's payout ratio is 51.42%.

Analysts Set New Price Targets

Several analysts have commented on HON shares. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho lifted their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada lowered their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $254.00.

About Honeywell International

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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