Honeywell International Inc. (NASDAQ:HON) Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,023 shares of the conglomerate's stock after buying an additional 4,705 shares during the quarter. Rafferty Asset Management LLC's holdings in Honeywell International were worth $26,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital World Investors purchased a new stake in shares of Honeywell International during the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. purchased a new stake in Honeywell International during the 4th quarter worth approximately $435,786,000. ING Groep NV increased its stake in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after buying an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp lifted its position in shares of Honeywell International by 411.8% in the fourth 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 in the last quarter. Finally, Demars Financial Group LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $155,407,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.1%

Shares of NASDAQ:HON traded up $0.12 during midday trading on Tuesday, reaching $225.06. 2,978,978 shares of the company's stock were exchanged, compared to its average volume of 3,766,155. The firm's 50 day simple moving average is $206.48 and its two-hundred day simple moving average is $215.94. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. 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 stock has a market cap of $144.64 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 2.51 and a beta of 1.07.

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

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. Honeywell International's dividend payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Royal Bank of Canada boosted their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Morgan Stanley raised their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Finally, Barclays dropped their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $245.23.

About Honeywell International

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.