BlackRock Inc. Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

BlackRock Inc. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,326,637 shares of the conglomerate’s stock after buying an additional 855,220 shares during the quarter. BlackRock Inc. owned approximately 6.36% of Honeywell International worth $8,089,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. True Wealth Design LLC bought a new position in Honeywell International during the 4th quarter worth approximately $31,000. Silicon Valley Capital Partners bought a new position in shares of Honeywell International in the fourth quarter worth approximately $33,000. Knuff & Co LLC bought a new position in shares of Honeywell International in the first quarter worth approximately $31,000. Magellan Asset Management Ltd purchased a new position in shares of Honeywell International in the first quarter worth $32,000. Finally, Oliver Lagore Vanvalin Investment Group raised its holdings in Honeywell International by 47.6% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 183 shares of the conglomerate’s stock valued at $39,000 after buying an additional 59 shares during the last quarter. 74.61% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.7 %

HON traded down $1.27 during trading on Wednesday, reaching $184.43. The stock had a trading volume of 624,114 shares, compared to its average volume of 2,758,805. The company has a current ratio of 1.41, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $122.45 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.29 and a beta of 1.07. The stock’s 50 day moving average is $194.88 and its two-hundred day moving average is $195.49. Honeywell International Inc. has a one year low of $166.63 and a one year high of $220.96.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.03. The company had revenue of $9.10 billion during the quarter, compared to analyst estimates of $9.17 billion. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. Honeywell International’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $2.10 EPS. As a group, analysts expect that Honeywell International Inc. will post 9.16 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $4.12 annualized dividend and a dividend yield of 2.23%. Honeywell International’s payout ratio is currently 50.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HON shares. Morgan Stanley boosted their price objective on shares of Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. UBS Group reduced their price target on Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a report on Friday, July 28th. Finally, StockNews.com initiated coverage on Honeywell International in a report on Monday, August 21st. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price of $215.07.

Honeywell International Company Profile

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; and thermal systems, as well as wireless connectivity and management services.