XTX Topco Ltd Buys New Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• XTX Topco Ltd has made a substantial investment in Honeywell International, acquiring 23,405 shares valued at approximately $4.96 million.
• Analysts report a consensus rating of "Moderate Buy" for Honeywell shares, with an average price target of $254.00, reflecting various upgrades and adjustments from multiple brokerages.
• Honeywell International announced a quarterly dividend of $1.13 per share, set to be paid on September 5th, representing an annual yield of 2.01%.

XTX Topco Ltd acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,405 shares of the conglomerate's stock, valued at approximately $4,956,000.

Several other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after buying an additional 627,422 shares in the last quarter. Capital World Investors purchased a new position in Honeywell International during the 4th quarter valued at about $1,594,216,000. Capital Research Global Investors grew its holdings in Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after buying an additional 346,190 shares in the last quarter. Northern Trust Corp grew its holdings in Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock valued at $1,412,619,000 after buying an additional 337,199 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Honeywell International by 5.2% during the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock valued at $1,193,923,000 after buying an additional 263,188 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

NASDAQ:HON traded down $4.64 during mid-day trading on Friday, reaching $217.71. The stock had a trading volume of 3,966,403 shares, compared to its average volume of 3,511,697. The firm has a 50 day moving average price of $229.24 and a two-hundred day moving average price of $217.08. The stock has a market capitalization of $138.22 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a one year low of $179.36 and a one year 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.

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

Honeywell International Dividend Announcement

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 given a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's payout ratio is presently 51.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays lifted their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Royal Bank Of Canada cut their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Morgan Stanley boosted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. 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, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

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.