Robocap Asset Management Ltd Has $4.24 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Robocap Asset Management Ltd grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 66.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,027 shares of the conglomerate's stock after purchasing an additional 7,971 shares during the quarter. Honeywell International comprises approximately 3.2% of Robocap Asset Management Ltd's holdings, making the stock its 17th largest holding. Robocap Asset Management Ltd's holdings in Honeywell International were worth $4,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Avalon Trust Co raised its stake in 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 period. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $34,000. Curio Wealth LLC bought a new stake in Honeywell International during the 4th quarter worth approximately $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in Honeywell International during the 4th quarter worth approximately $37,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped 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. Citigroup increased their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Barclays boosted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.79.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.08 during midday trading on Wednesday, hitting $238.72. 2,176,954 shares of the company traded hands, compared to its average volume of 3,855,384. The firm's fifty day moving average price is $224.88 and its 200-day moving average price is $216.31. The stock has a market cap of $153.42 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

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

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. 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 51.95%.

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.