QRG Capital Management Inc. Buys 864 Shares of Honeywell International Inc. (NASDAQ:HON)

QRG Capital Management Inc. grew its stake in Honeywell International Inc. (NASDAQ:HON) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,916 shares of the conglomerate’s stock after purchasing an additional 864 shares during the quarter. QRG Capital Management Inc.’s holdings in Honeywell International were worth $15,864,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HON. Capital World Investors bought a new position in shares of Honeywell International in the fourth quarter valued at about $1,594,216,000. Raymond James Financial Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at about $435,786,000. ING Groep NV grew its stake in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after acquiring an additional 1,574,376 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock valued at $2,809,110,000 after acquiring an additional 1,320,295 shares in the last quarter. Finally, Cibc World Markets Corp grew its stake in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.1%

HON opened at $224.09 on Tuesday. The company’s 50 day moving average is $214.18 and its 200-day moving average is $215.88. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. 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 $144.02 billion, a P/E ratio of 25.73, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted its quarterly 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 net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the company posted $2.25 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict 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 was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.02%. Honeywell International’s dividend payout ratio is presently 51.95%.

Analysts Set New Price Targets

Several equities analysts recently commented on HON shares. Mizuho upped their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Wells Fargo & Company upped their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Royal Bank of Canada upped their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Finally, Barclays reduced their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.14.

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.