Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 2,458.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 235,414 shares of the conglomerate’s stock after buying an additional 226,214 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Honeywell International were worth $53,178,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Mainstream Capital Management LLC acquired a new stake in Honeywell International in the fourth quarter valued at $25,000. Avalon Trust Co grew its holdings in 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 purchasing an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International in the fourth quarter valued at $30,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International in the fourth quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in Honeywell International in the fourth quarter valued at $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on HON shares. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Barclays dropped their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley raised their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Citigroup dropped their price target on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.23.

Honeywell International Price Performance

HON stock opened at $224.94 on Tuesday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock’s fifty day simple moving average is $206.48 and its 200-day simple moving average is $215.94. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $144.57 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, May 16th. Honeywell International’s payout ratio is currently 51.95%.

Honeywell International Company Profile

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.