Xponance Inc. Buys 5,399 Shares of Honeywell International Inc. (NASDAQ:HON)

Xponance Inc. increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,354 shares of the conglomerate's stock after buying an additional 5,399 shares during the quarter. Xponance Inc.'s holdings in Honeywell International were worth $20,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Avalon Trust Co raised its position in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $34,000. Curio Wealth LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $35,000. Finally, Alexis Investment Partners LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $37,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their target price on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. 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 stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $250.79.

Honeywell International Stock Up 0.9%

Shares of NASDAQ:HON traded up $2.13 during trading on Monday, hitting $238.06. 2,911,212 shares of the company were exchanged, compared to its average volume of 3,859,425. The stock has a market cap of $153.00 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 2.68 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a fifty day moving average price of $225.84 and a two-hundred day moving average price of $216.23. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.90%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

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.