Nearwater Capital Markets Ltd Purchases Shares of 172,840 Honeywell International Inc. (NASDAQ:HON)

Nearwater Capital Markets Ltd bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 172,840 shares of the conglomerate's stock, valued at approximately $39,043,000. Honeywell International makes up about 1.1% of Nearwater Capital Markets Ltd's holdings, making the stock its 20th biggest position.

A number of other hedge funds also recently modified their holdings of the stock. NorthRock Partners LLC increased its position in shares of Honeywell International by 133.8% in the fourth quarter. NorthRock Partners LLC now owns 9,797 shares of the conglomerate's stock worth $2,213,000 after purchasing an additional 5,606 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Honeywell International in the fourth quarter worth $1,054,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Honeywell International in the fourth quarter worth $7,567,000. Obermeyer Wealth Partners increased its position in shares of Honeywell International by 5.6% in the fourth quarter. Obermeyer Wealth Partners now owns 1,820 shares of the conglomerate's stock worth $411,000 after purchasing an additional 96 shares during the period. Finally, Minot DeBlois Advisors LLC bought a new position in Honeywell International in the fourth quarter valued at about $787,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.3%

Shares of Honeywell International stock traded up $0.59 during midday trading on Friday, reaching $222.88. The company had a trading volume of 2,895,038 shares, compared to its average volume of 3,764,659. The stock has a fifty day moving average price of $206.11 and a 200 day moving average price of $215.68. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a market cap of $143.24 billion, a PE ratio of 25.59, a P/E/G ratio of 2.51 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.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company 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 35.78% and a net margin of 14.82%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.25 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analyst Weigh In

HON has been the topic of a number of recent analyst reports. Citigroup decreased their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday. Barclays decreased their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $245.23.

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.