Quantinno Capital Management LP Acquires 16,655 Shares of Honeywell International Inc. (NASDAQ:HON)

Quantinno Capital Management LP lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,694 shares of the conglomerate's stock after buying an additional 16,655 shares during the period. Quantinno Capital Management LP's holdings in Honeywell International were worth $25,682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors purchased a new position in Honeywell International during the 4th quarter valued at $1,594,216,000. Raymond James Financial Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at $435,786,000. ING Groep NV increased its stake in shares of Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after acquiring an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp lifted its position in Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after acquiring an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $155,407,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.5%

Shares of HON stock opened at $218.22 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company's fifty day moving average price is $205.60 and its 200-day moving average price is $215.44. The company has a market capitalization of $140.25 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same period last year, the firm earned $2.25 earnings per share. The business's quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their price objective on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Morgan Stanley boosted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Citigroup lowered their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned 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 a consensus rating of "Moderate Buy" and an average target price of $242.23.

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.

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