Wellington Management Group LLP Has $3.34 Billion Stake in Honeywell International Inc. $HON

Key Points

• Wellington Management Group LLP increased its stake in Honeywell International Inc. by 8.9%, holding 15,751,951 shares valued at approximately $3.34 billion as of the most recent quarter.
• Honeywell reported a net margin of 14.30% and a revenue increase of 8.1% year-over-year, surpassing analysts' expectations with $10.35 billion in revenue for the latest quarter.
• The company declared a quarterly dividend of $1.13 per share with an annualized yield of 2.1%, to be paid on September 5th to shareholders of record as of August 15th.

Wellington Management Group LLP boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,751,951 shares of the conglomerate's stock after buying an additional 1,293,137 shares during the period. Wellington Management Group LLP owned approximately 2.45% of Honeywell International worth $3,335,476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the fourth quarter valued at $29,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International during the first quarter worth about $33,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth about $34,000. Banque de Luxembourg S.A. bought a new stake in shares of Honeywell International during the fourth quarter worth about $38,000. Finally, Stone House Investment Management LLC bought a new stake in shares of Honeywell International during the first quarter worth about $41,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Morgan Stanley boosted their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Bank of America raised 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 report on Wednesday, May 7th. Finally, Royal Bank Of Canada cut their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Down 0.7%

HON opened at $216.77 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock has a market cap of $137.63 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.45 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company's 50-day moving average price is $227.72 and its two-hundred day moving average price is $216.67.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.49 EPS. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

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.

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