Triglav Skladi D.O.O. Acquires New Shares in Honeywell International Inc. (NASDAQ:HON)

Triglav Skladi D.O.O. bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,830 shares of the conglomerate's stock, valued at approximately $9,223,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mainstream Capital Management LLC purchased a new position in shares of Honeywell International during the fourth quarter worth $25,000. Avalon Trust Co lifted its position 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 acquiring an additional 75 shares during the period. Hoese & Co LLP purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $30,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International in the 4th quarter valued at approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in Honeywell International in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HON. Morgan Stanley upped their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. 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 research note on Wednesday, May 7th. JPMorgan Chase & Co. boosted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Citigroup lowered their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Eight investment 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $245.57.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $1.76 during trading on Thursday, hitting $223.63. 2,914,589 shares of the stock traded hands, compared to its average volume of 3,785,636. The company has a fifty day moving average price of $207.09 and a two-hundred day moving average price of $216.04. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a market cap of $143.72 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the firm earned $2.25 EPS. Honeywell International's revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.