Private Asset Management Inc. boosted its holdings in Honeywell International Inc. (NYSE:HON) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,563 shares of the conglomerate’s stock after purchasing an additional 50 shares during the period. Private Asset Management Inc.’s holdings in Honeywell International were worth $339,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Honeywell International by 4.8% in the fourth quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock valued at $9,111,162,000 after buying an additional 1,948,217 shares during the period. Bessemer Group Inc. raised its stake in shares of Honeywell International by 7,187.3% in the fourth quarter. Bessemer Group Inc. now owns 782,223 shares of the conglomerate’s stock valued at $166,378,000 after buying an additional 771,489 shares during the period. First Trust Advisors LP raised its stake in shares of Honeywell International by 138.6% in the fourth quarter. First Trust Advisors LP now owns 1,287,575 shares of the conglomerate’s stock valued at $273,867,000 after buying an additional 747,974 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Honeywell International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock valued at $2,167,460,000 after buying an additional 477,569 shares during the period. Finally, Morgan Stanley raised its stake in shares of Honeywell International by 3.3% in the fourth quarter. Morgan Stanley now owns 11,728,323 shares of the conglomerate’s stock valued at $2,494,613,000 after buying an additional 379,995 shares during the period. 75.97% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International stock opened at $218.00 on Thursday. Honeywell International Inc. has a 52 week low of $117.11 and a 52 week high of $221.05. The business has a 50-day simple moving average of $210.69 and a 200 day simple moving average of $198.48. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.97. The stock has a market cap of $151.62 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 3.41 and a beta of 1.13.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, January 28th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the business earned $2.06 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 7.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 12th. Stockholders of record on Friday, February 26th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Thursday, February 25th. Honeywell International’s payout ratio is currently 45.59%.

A number of research firms recently issued reports on HON. UBS Group boosted their price objective on Honeywell International from $180.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, January 15th. They noted that the move was a valuation call. Barclays boosted their price objective on Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday. Royal Bank of Canada boosted their price objective on Honeywell International from $194.00 to $199.00 and gave the company a “sector perform” rating in a research note on Monday, February 1st. Morgan Stanley boosted their price objective on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, March 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Honeywell International from $212.00 to $222.00 and gave the company a “hold” rating in a research note on Monday, February 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Honeywell International presently has an average rating of “Hold” and a consensus price target of $203.87.

Honeywell International Company Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

Further Reading: Are sell-side analysts objective?

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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