ProShare Advisors LLC Buys 188,842 Shares of Honeywell International Inc. (NASDAQ:HON)

ProShare Advisors LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 979,965 shares of the conglomerate’s stock after purchasing an additional 188,842 shares during the quarter. ProShare Advisors LLC’s holdings in Honeywell International were worth $221,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in Honeywell International during the fourth quarter worth $25,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Hoese & Co LLP bought a new stake in shares of Honeywell International in the fourth quarter valued at about $30,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $34,000. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $35,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 0.5%

Shares of NASDAQ HON opened at $217.18 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market cap of $139.58 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a 50-day moving average price of $205.65 and a two-hundred day moving average price of $215.45.

Honeywell International (NASDAQ:HON) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Barclays reduced their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Citigroup reduced their target price on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $242.23.

About Honeywell International

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.