Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,880,879 shares of the conglomerate's stock after acquiring an additional 23,409 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.29% of Honeywell International worth $398,276,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HON. Mainstream Capital Management LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co grew its stake 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 purchasing an additional 75 shares during the period. 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. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Up 1.1%

HON stock traded up $2.47 during midday trading on Friday, hitting $228.85. 4,994,254 shares of the company's stock were exchanged, compared to its average volume of 3,822,945. The business has a 50-day simple moving average of $218.94 and a two-hundred day simple moving average of $215.71. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $147.08 billion, a PE ratio of 22.77, a P/E/G ratio of 2.67 and a beta of 1.08. 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 posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.25 earnings per share. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.98%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research note on Wednesday. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. 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 report on Wednesday, May 7th. Wells Fargo & Company increased their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Barclays raised their target price on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. Eight 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. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

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.