Sequoia Financial Advisors LLC increased its position in shares of Honeywell International Inc. (NYSE:HON) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,356 shares of the conglomerate’s stock after purchasing an additional 194 shares during the period. Sequoia Financial Advisors LLC’s holdings in Honeywell International were worth $2,723,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Capital World Investors lifted its position in Honeywell International by 58.3% in the fourth quarter. Capital World Investors now owns 19,100,608 shares of the conglomerate’s stock valued at $3,380,808,000 after acquiring an additional 7,032,228 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Honeywell International by 34.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,862,901 shares of the conglomerate’s stock valued at $516,818,000 after acquiring an additional 986,782 shares during the last quarter. State Street Corp lifted its position in Honeywell International by 2.4% in the fourth quarter. State Street Corp now owns 29,784,808 shares of the conglomerate’s stock valued at $5,271,911,000 after acquiring an additional 699,644 shares during the last quarter. Standard Life Aberdeen plc lifted its position in Honeywell International by 110.6% in the fourth quarter. Standard Life Aberdeen plc now owns 1,203,184 shares of the conglomerate’s stock valued at $212,964,000 after acquiring an additional 631,916 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Honeywell International by 17.4% in the fourth quarter. Janus Henderson Group PLC now owns 3,721,794 shares of the conglomerate’s stock valued at $658,756,000 after acquiring an additional 551,364 shares during the last quarter. Hedge funds and other institutional investors own 77.14% of the company’s stock.
NYSE HON traded up $1.49 during trading hours on Friday, hitting $139.18. 2,957,908 shares of the stock were exchanged, compared to its average volume of 3,733,469. The company has a market cap of $96.64 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.04. Honeywell International Inc. has a 12-month low of $101.08 and a 12-month high of $184.06. The stock has a 50-day moving average of $135.07 and a 200 day moving average of $161.31. The company has a quick ratio of 1.04, a current ratio of 1.30 and a debt-to-equity ratio of 0.65.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.60 annualized dividend and a yield of 2.59%. Honeywell International’s payout ratio is currently 44.12%.
A number of equities research analysts recently weighed in on HON shares. Barclays reissued a “buy” rating and issued a $156.00 price target on shares of Honeywell International in a research report on Friday, April 17th. Oppenheimer reaffirmed a “hold” rating on shares of Honeywell International in a report on Friday, May 1st. Daiwa Capital Markets raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 target price for the company in a report on Sunday, March 22nd. Atlantic Securities cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and set a $158.00 target price for the company. in a report on Tuesday, March 31st. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $138.00 to $158.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $156.47.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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