Banco Santander S.A. lifted its position in Honeywell International Inc. (NYSE:HON) by 77.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 23,802 shares of the conglomerate’s stock after buying an additional 10,422 shares during the quarter. Banco Santander S.A.’s holdings in Honeywell International were worth $3,185,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Honeywell International by 2.4% during the fourth quarter. State Street Corp now owns 29,784,808 shares of the conglomerate’s stock valued at $5,271,911,000 after purchasing an additional 699,644 shares in the last quarter. Capital World Investors grew its position in Honeywell International by 58.3% during the fourth quarter. Capital World Investors now owns 19,100,608 shares of the conglomerate’s stock valued at $3,380,808,000 after purchasing an additional 7,032,228 shares in the last quarter. Geode Capital Management LLC grew its position in Honeywell International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 10,057,941 shares of the conglomerate’s stock valued at $1,776,660,000 after purchasing an additional 167,659 shares in the last quarter. Franklin Resources Inc. grew its position in Honeywell International by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 6,730,750 shares of the conglomerate’s stock valued at $1,191,334,000 after purchasing an additional 70,899 shares in the last quarter. Finally, FMR LLC grew its position in Honeywell International by 2.3% during the fourth quarter. FMR LLC now owns 4,834,392 shares of the conglomerate’s stock valued at $855,688,000 after purchasing an additional 110,117 shares in the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of Honeywell International from $187.00 to $152.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Barclays reaffirmed a “buy” rating and set a $156.00 price objective on shares of Honeywell International in a research report on Friday, April 17th. UBS Group lowered their price objective on shares of Honeywell International from $143.00 to $136.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Daiwa Capital Markets upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 target price for the company in a research note on Sunday, March 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $156.47.
Shares of Honeywell International stock traded up $1.49 on Friday, reaching $139.18. The stock had a trading volume of 2,957,908 shares, compared to its average volume of 3,733,469. The business’s 50-day moving average price is $135.07 and its two-hundred day moving average price is $161.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.30. Honeywell International Inc. has a fifty-two week low of $101.08 and a fifty-two week high of $184.06. The stock has a market cap of $96.64 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.04.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, May 1st. The conglomerate reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.25. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The business had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.56 billion. During the same period in the previous year, the company earned $1.92 earnings per share. Honeywell International’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 6.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, May 14th. Honeywell International’s payout ratio is 44.12%.
About Honeywell International
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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