Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc raised its stake in Honeywell International Inc. (NASDAQ:HON) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,910,551 shares of the conglomerate’s stock after acquiring an additional 42,305 shares during the period. Legal & General Group Plc owned 0.75% of Honeywell International worth $1,048,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gryphon Financial Partners LLC boosted its holdings in shares of Honeywell International by 211.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after acquiring an additional 3,653 shares during the period. Olympiad Research LP purchased a new position in Honeywell International during the 4th quarter worth $294,000. TFO Wealth Partners LLC increased its stake in Honeywell International by 1,523.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,603 shares of the conglomerate’s stock valued at $756,000 after purchasing an additional 3,381 shares during the period. Avestar Capital LLC raised its holdings in shares of Honeywell International by 14.4% in the fourth quarter. Avestar Capital LLC now owns 4,697 shares of the conglomerate’s stock valued at $985,000 after buying an additional 592 shares during the last quarter. Finally, Gold Investment Management Ltd. acquired a new stake in shares of Honeywell International during the fourth quarter worth about $797,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of several recent research reports. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a report on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Trading Up 0.1 %

NASDAQ:HON opened at $207.03 on Friday. The company has a market capitalization of $134.82 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The stock has a fifty day simple moving average of $203.52 and a 200-day simple moving average of $203.57. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the business earned $2.23 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.09%. Honeywell International’s dividend payout ratio is currently 50.06%.

Honeywell International Company 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.