Zurcher Kantonalbank Zurich Cantonalbank Buys 7,314 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Honeywell International by 5.2%, purchasing an additional 7,314 shares during the first quarter, bringing its total shares to 149,220.
• Honeywell International recently reported quarterly earnings of $2.75 EPS, surpassing analysts' estimates and indicating an 8.1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.13 per share, which is expected to yield approximately 2.02% annually.

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,220 shares of the conglomerate's stock after purchasing an additional 7,314 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Honeywell International were worth $31,597,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HON. Gateway Wealth Partners LLC lifted its position 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 valued at $433,000 after acquiring an additional 49 shares during the period. Cetera Trust Company N.A lifted its position in shares of Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Honeywell International by 12.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock valued at $99,000 after acquiring an additional 50 shares during the period. VSM Wealth Advisory LLC lifted its position in shares of Honeywell International by 4.8% during the 1st quarter. VSM Wealth Advisory LLC now owns 1,100 shares of the conglomerate's stock valued at $233,000 after acquiring an additional 50 shares during the period. Finally, Kennedy Investment Group lifted its position in shares of Honeywell International by 1.7% during the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock valued at $639,000 after acquiring an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HON shares. Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada dropped their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Finally, Wells Fargo & Company dropped their price objective on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Up 0.4%

Shares of Honeywell International stock traded up $0.81 on Thursday, hitting $222.97. The stock had a trading volume of 926,557 shares, compared to its average volume of 4,133,617. The stock has a 50 day moving average of $229.35 and a 200 day moving average of $217.06. Honeywell International Inc. has a twelve month low of $179.36 and a twelve 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 firm has a market capitalization of $141.56 billion, a P/E ratio of 25.37, a PEG ratio of 2.51 and a beta of 1.07.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.03%. Honeywell International's payout ratio is 51.42%.

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.