Scotia Capital Inc. Acquires 19,714 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Scotia Capital Inc. increased its holdings in Honeywell International by 4.6% during the first quarter, now owning 452,895 shares valued at approximately $95.9 million.
• Honeywell International recently declared a quarterly dividend of $1.13 per share, translating to an annual yield of 2.1% and a payout ratio of 51.42%.
• Analysts have mixed opinions on Honeywell's stock, with price targets ranging from $230.00 to $265.00, resulting in an average rating of "Moderate Buy" and a consensus target price of $254.00.

Scotia Capital Inc. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,895 shares of the conglomerate's stock after purchasing an additional 19,714 shares during the period. Scotia Capital Inc. owned 0.07% of Honeywell International worth $95,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 grew its holdings 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 acquiring an additional 346,190 shares during the period. Northern Trust Corp grew its holdings 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 acquiring an additional 337,199 shares during the period. Invesco Ltd. grew its stake in shares of Honeywell International by 5.2% in the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock worth $1,193,923,000 after buying an additional 263,188 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of Honeywell International by 8.3% in the 4th quarter. Capital International Investors now owns 2,230,845 shares of the conglomerate's stock worth $503,966,000 after buying an additional 170,270 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on HON shares. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley upped their price target on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

NASDAQ HON opened at $217.71 on Friday. The business's fifty day moving average price is $229.24 and its 200-day moving average price is $217.06. The stock has a market capitalization of $138.22 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 2.46 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 1-year low of $179.36 and a 1-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 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 EPS. On average, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

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.

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