Harvest Fund Management Co. Ltd raised its stake in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 68.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,002 shares of the conglomerate’s stock after purchasing an additional 812 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Honeywell International were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Bellwether Advisors LLC increased its position in Honeywell International by 14.3% during the 3rd quarter. Bellwether Advisors LLC now owns 383 shares of the conglomerate’s stock worth $63,000 after purchasing an additional 48 shares in the last quarter. Key Financial Inc boosted its holdings in shares of Honeywell International by 3.8% during the 3rd quarter. Key Financial Inc now owns 1,340 shares of the conglomerate’s stock valued at $224,000 after acquiring an additional 49 shares in the last quarter. S&CO Inc. increased its holdings in Honeywell International by 3.4% in the 3rd quarter. S&CO Inc. now owns 1,522 shares of the conglomerate’s stock worth $254,000 after purchasing an additional 50 shares in the last quarter. Vantage Financial Partners Ltd. Inc. raised its position in Honeywell International by 0.8% in the third quarter. Vantage Financial Partners Ltd. Inc. now owns 6,125 shares of the conglomerate’s stock valued at $1,023,000 after purchasing an additional 50 shares during the last quarter. Finally, Lcnb Corp boosted its stake in shares of Honeywell International by 1.0% during the third quarter. Lcnb Corp now owns 5,052 shares of the conglomerate’s stock valued at $844,000 after purchasing an additional 50 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
HON has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Morgan Stanley lifted their price target on shares of Honeywell International from $209.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, February 3rd. HSBC increased their price objective on Honeywell International from $190.00 to $205.00 and gave the company a “hold” rating in a report on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft cut their target price on Honeywell International from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Wednesday, April 12th. Finally, Royal Bank of Canada raised their target price on Honeywell International from $204.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average price target of $214.44.
Honeywell International Stock Up 0.4 %
Honeywell International stock opened at $196.78 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.25. The stock has a market cap of $131.00 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.09. Honeywell International Inc. has a fifty-two week low of $166.63 and a fifty-two week high of $220.96. The firm’s 50-day simple moving average is $191.10 and its 200 day simple moving average is $201.86.
Honeywell International (NASDAQ:HON – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The conglomerate reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.01. The company had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.26 billion. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. Honeywell International’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $2.09 earnings per share. Research analysts predict that Honeywell International Inc. will post 9.03 EPS for the current fiscal year.
Honeywell International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.09%. Honeywell International’s dividend payout ratio (DPR) is currently 56.67%.
Honeywell International Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.
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