Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Woodley Farra Manion Portfolio Management Inc.

Key Points

• Woodley Farra Manion Portfolio Management Inc. increased its position in Honeywell International Inc. by 3.1%, owning approximately 333,647 shares valued at $70.65 million as of its latest SEC filing.
• Several hedge funds have also raised their stakes in Honeywell, with Brighton Jones LLC increasing its position by 9.1% and Schroder Investment Management by 12.7% during the fourth quarter.
• Honeywell reported earnings of $2.75 per share for the last quarter, exceeding the consensus estimate of $2.66, and its revenue grew by 8.1% year-over-year.

Woodley Farra Manion Portfolio Management Inc. boosted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 333,647 shares of the conglomerate's stock after acquiring an additional 10,143 shares during the period. Honeywell International comprises approximately 3.5% of Woodley Farra Manion Portfolio Management Inc.'s portfolio, making the stock its 10th largest position. Woodley Farra Manion Portfolio Management Inc. owned approximately 0.05% of Honeywell International worth $70,650,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HON. Kirtland Hills Capital Management LLC raised its position in Honeywell International by 1.1% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after buying an additional 48 shares during the last quarter. Gateway Wealth Partners LLC grew its stake in shares of Honeywell International by 2.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock worth $433,000 after purchasing an additional 49 shares during the period. Cetera Trust Company N.A increased its holdings in shares of Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after purchasing an additional 50 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Honeywell International by 12.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock valued at $99,000 after purchasing an additional 50 shares during the period. Finally, VSM Wealth Advisory LLC boosted its holdings in Honeywell International by 4.8% during the first quarter. VSM Wealth Advisory LLC now owns 1,100 shares of the conglomerate's stock worth $233,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Down 1.9%

Honeywell International stock traded down $4.14 during trading on Friday, reaching $218.21. The company had a trading volume of 637,762 shares, compared to its average volume of 4,123,803. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock's 50 day moving average price is $229.33 and its two-hundred day moving average price is $217.08. The firm has a market capitalization of $138.54 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share 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 analyst estimates 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 for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $2.49 EPS. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Barclays lifted their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Eight 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.00.

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.