Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Profund Advisors LLC

Profund Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 41,453 shares of the conglomerate’s stock after buying an additional 2,298 shares during the quarter. Honeywell International accounts for approximately 0.5% of Profund Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Profund Advisors LLC’s holdings in Honeywell International were worth $8,601,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Honeywell International by 99,910.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,691,018,839 shares of the conglomerate’s stock valued at $350,886,409,000 after purchasing an additional 1,689,328,001 shares during the last quarter. BlackRock Inc. raised its stake in Honeywell International by 2.1% during the 1st quarter. BlackRock Inc. now owns 42,326,637 shares of the conglomerate’s stock valued at $8,089,467,000 after acquiring an additional 855,220 shares during the last quarter. Morgan Stanley raised its stake in Honeywell International by 1.6% during the 4th quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock valued at $3,275,277,000 after acquiring an additional 241,992 shares during the last quarter. Geode Capital Management LLC raised its stake in Honeywell International by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 12,617,604 shares of the conglomerate’s stock valued at $2,405,781,000 after acquiring an additional 270,260 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Honeywell International by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,445,462 shares of the conglomerate’s stock valued at $1,422,977,000 after acquiring an additional 275,879 shares during the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Morgan Stanley upped their price objective on Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. Wells Fargo & Company reduced their price objective on Honeywell International from $205.00 to $190.00 in a research note on Monday, October 9th. Finally, UBS Group cut their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $214.75.

Honeywell International Price Performance

Shares of HON traded up $0.50 on Friday, reaching $191.21. The stock had a trading volume of 2,207,822 shares, compared to its average volume of 2,791,798. The firm has a market capitalization of $126.06 billion, a PE ratio of 23.69, a PEG ratio of 2.45 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average of $186.19 and a 200 day moving average of $192.73. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.96.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, October 26th. The conglomerate reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.23 billion. Honeywell International had a return on equity of 34.63% and a net margin of 14.87%. Honeywell International’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 EPS. Sell-side analysts expect that Honeywell International Inc. will post 9.16 EPS for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Thursday, November 9th. This is a boost from Honeywell International’s previous quarterly dividend of $1.03. Honeywell International’s dividend payout ratio is 53.53%.

Honeywell International 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.