Banco Santander S.A. Raises Stock Position in Honeywell International Inc. (NYSE:HON)

Banco Santander S.A. grew its holdings in Honeywell International Inc. (NYSE:HON) by 77.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,802 shares of the conglomerate’s stock after acquiring an additional 10,422 shares during the period. Banco Santander S.A.’s holdings in Honeywell International were worth $3,185,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Equitable Trust Co. raised its stake in shares of Honeywell International by 0.4% in the 4th quarter. Equitable Trust Co. now owns 15,963 shares of the conglomerate’s stock valued at $2,825,000 after acquiring an additional 56 shares during the period. Keudell Morrison Wealth Management raised its stake in shares of Honeywell International by 2.8% in the 4th quarter. Keudell Morrison Wealth Management now owns 2,090 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 57 shares during the period. Johnson Investment Counsel Inc. raised its stake in shares of Honeywell International by 0.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 17,712 shares of the conglomerate’s stock valued at $3,135,000 after acquiring an additional 57 shares during the period. InterOcean Capital LLC raised its stake in shares of Honeywell International by 4.8% in the 4th quarter. InterOcean Capital LLC now owns 1,276 shares of the conglomerate’s stock valued at $226,000 after acquiring an additional 58 shares during the period. Finally, Pacitti Group Inc. raised its stake in shares of Honeywell International by 2.3% in the 4th quarter. Pacitti Group Inc. now owns 2,942 shares of the conglomerate’s stock valued at $521,000 after acquiring an additional 66 shares during the period. 77.14% of the stock is currently owned by institutional investors and hedge funds.

HON stock traded up $1.49 during mid-day trading on Friday, hitting $139.18. 2,957,908 shares of the company were exchanged, compared to its average volume of 3,733,469. The company has a market capitalization of $96.64 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. Honeywell International Inc. has a twelve month low of $101.08 and a twelve month high of $184.06. The firm has a fifty day simple moving average of $135.07 and a 200 day simple moving average of $161.31.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, May 1st. The conglomerate reported $2.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.25. The company had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.56 billion. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.92 EPS. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 6.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, May 14th. Honeywell International’s dividend payout ratio (DPR) is presently 44.12%.

A number of equities analysts have recently commented on HON shares. UBS Group cut their target price on shares of Honeywell International from $143.00 to $136.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Oppenheimer reaffirmed a “hold” rating on shares of Honeywell International in a report on Friday, May 1st. Robert W. Baird lowered their price target on shares of Honeywell International from $190.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Credit Suisse Group raised their price target on shares of Honeywell International from $148.00 to $158.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $143.00 price target on shares of Honeywell International in a report on Wednesday, April 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average target price of $156.47.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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