Aberdeen Group plc Has $150.34 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Aberdeen Group plc boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 141.0% during the first quarter, Holdings Channel reports. The institutional investor owned 712,447 shares of the conglomerate’s stock after acquiring an additional 416,832 shares during the quarter. Aberdeen Group plc’s holdings in Honeywell International were worth $150,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. CreativeOne Wealth LLC grew its position in shares of Honeywell International by 17.1% during the 4th quarter. CreativeOne Wealth LLC now owns 4,702 shares of the conglomerate’s stock worth $1,062,000 after buying an additional 687 shares during the period. Jump Financial LLC grew its position in shares of Honeywell International by 225.3% during the 4th quarter. Jump Financial LLC now owns 6,505 shares of the conglomerate’s stock worth $1,469,000 after buying an additional 4,505 shares during the period. NewEdge Advisors LLC grew its position in shares of Honeywell International by 25.8% during the 4th quarter. NewEdge Advisors LLC now owns 101,992 shares of the conglomerate’s stock worth $23,039,000 after buying an additional 20,947 shares during the period. Finally, MSH Capital Advisors LLC bought a new stake in Honeywell International during the 4th quarter worth approximately $264,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $218.20 on Friday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The company has a market capitalization of $138.54 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.48 and a beta of 1.08. The business has a 50-day moving average of $227.96 and a 200-day moving average of $216.78.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 earnings per share. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International’s payout ratio is presently 51.42%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HON. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, July 25th. Morgan Stanley raised their price target on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $254.00.

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.