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Victory Capital Management Inc. Has $104.15 Million Position in Honeywell International Inc. (NASDAQ:HON)

Honeywell International logo with Multi-Sector Conglomerates background

Victory Capital Management Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 491,838 shares of the conglomerate's stock after selling 23,223 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Honeywell International worth $104,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the 4th quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International in the 4th quarter valued at approximately $34,000. Alexis Investment Partners LLC acquired a new position in Honeywell International in the 4th quarter valued at approximately $37,000. Banque de Luxembourg S.A. purchased a new stake in Honeywell International in the 4th quarter worth approximately $38,000. Finally, Garde Capital Inc. acquired a new stake in shares of Honeywell International during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the subject of several recent research reports. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Bank of America upgraded 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. Eight equities research 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $250.79.

View Our Latest Research Report on HON

Honeywell International Trading Up 0.7%

Shares of NASDAQ:HON opened at $236.88 on Thursday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The company has a market cap of $152.24 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.67 and a beta of 1.07. The stock's 50-day moving average is $227.27 and its 200-day moving average is $216.56.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the business posted $2.25 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Equities research 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 disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is presently 51.95%.

Honeywell International Profile

(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.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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