Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Capital Research Global Investors

Capital Research Global Investors increased its stake in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 20.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,776,422 shares of the conglomerate’s stock after purchasing an additional 638,811 shares during the quarter. Capital Research Global Investors owned 0.55% of Honeywell International worth $734,816,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marietta Wealth Management LLC grew its stake in Honeywell International by 4.6% during the 1st quarter. Marietta Wealth Management LLC now owns 20,266 shares of the conglomerate’s stock worth $3,943,000 after purchasing an additional 894 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in Honeywell International by 17.4% during the 1st quarter. Mascoma Wealth Management LLC now owns 1,066 shares of the conglomerate’s stock worth $207,000 after buying an additional 158 shares during the last quarter. Horizon Investments LLC lifted its holdings in Honeywell International by 3.7% during the 4th quarter. Horizon Investments LLC now owns 13,617 shares of the conglomerate’s stock worth $2,839,000 after buying an additional 481 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Honeywell International by 2.4% during the 1st quarter. New York State Common Retirement Fund now owns 1,367,309 shares of the conglomerate’s stock worth $266,051,000 after buying an additional 32,644 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in Honeywell International by 19.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 6,733 shares of the conglomerate’s stock worth $1,310,000 after buying an additional 1,100 shares during the last quarter. 74.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, August 31st. Mizuho reduced their target price on Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a report on Monday, July 18th. Cowen set a $205.00 target price on Honeywell International in a report on Tuesday, July 19th. Finally, TheStreet raised Honeywell International from a “c+” rating to a “b-” rating in a report on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.08.

Honeywell International Stock Performance

NASDAQ HON opened at $179.97 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $191.80 and its two-hundred day moving average is $189.70. Honeywell International Inc. has a 12-month low of $167.35 and a 12-month high of $228.26. The stock has a market capitalization of $121.24 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.31 and a beta of 1.06.

Honeywell International (NASDAQ:HONGet Rating) last released its earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.07. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The company had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter in the previous year, the firm posted $2.02 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts expect that Honeywell International Inc. will post 8.68 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, August 11th. Honeywell International’s payout ratio is 53.48%.

Insiders Place Their Bets

In related news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total value of $952,090.00. Following the sale, the chief financial officer now owns 43,625 shares in the company, valued at approximately $8,288,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is currently owned by insiders.

About Honeywell International

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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