Vanguard Group Inc. Acquires 447,744 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Vanguard Group Inc. increased its holdings in Honeywell International by 0.7% in the 1st quarter, now owning approximately 62.21 million shares valued at over $13.17 billion.
• Multiple institutional investors significantly boosted their positions in Honeywell during the recent quarters, with 75.91% of the company's stock owned by institutional investors.
• The company recently announced a quarterly dividend of $1.13 per share, representing an annualized dividend yield of 2.0%, with the payment date set for September 5th.

Vanguard Group Inc. grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,209,455 shares of the conglomerate's stock after purchasing an additional 447,744 shares during the quarter. Vanguard Group Inc. owned approximately 9.68% of Honeywell International worth $13,172,852,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HON. Capital World Investors bought a new position in Honeywell International during the 4th quarter worth approximately $1,594,216,000. GAMMA Investing LLC boosted its stake in Honeywell International by 20,894.0% during the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after acquiring an additional 1,320,295 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Honeywell International by 592.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock worth $183,728,000 after acquiring an additional 742,281 shares during the last quarter. Demars Financial Group LLC bought a new position in Honeywell International during the 4th quarter worth approximately $155,407,000. Finally, Leigh Baldwin & CO. LLC bought a new position in Honeywell International during the 4th quarter worth approximately $123,294,000. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley lifted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Barclays lifted their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Citigroup lifted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

Shares of HON opened at $221.06 on Wednesday. The company has a market cap of $140.35 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.49 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. The company's fifty day simple moving average is $229.11 and its 200 day simple moving average is $217.04. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's payout ratio is currently 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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