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Honeywell International Inc. (NASDAQ:HON) Stock Holdings Raised by Robocap Asset Management Ltd

Honeywell International logo with Multi-Sector Conglomerates background

Robocap Asset Management Ltd raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 66.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,027 shares of the conglomerate's stock after buying an additional 7,971 shares during the period. Honeywell International makes up 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 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HON. Vanguard Group Inc. increased its stake in shares of Honeywell International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares in the last quarter. Capital World Investors purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $1,594,216,000. Capital Research Global Investors increased its stake in shares of Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after purchasing an additional 337,199 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HON. Royal Bank Of Canada reissued a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research note on Wednesday, June 25th. JPMorgan Chase & Co. lifted their target price 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. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Mizuho lifted their target price 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, Barclays lifted their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday. Eight research 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 stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $250.79.

Check Out Our Latest Stock Analysis on HON

Honeywell International Trading Down 0.4%

Shares of HON traded down $0.84 during mid-day trading on Friday, reaching $235.93. The company had a trading volume of 2,417,149 shares, compared to its average volume of 3,856,138. The stock has a market cap of $151.63 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. The firm has a fifty day simple moving average of $225.84 and a 200-day simple moving average of $216.42. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared 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 yield of 1.92%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

About Honeywell International

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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