Ensign Peak Advisors Inc boosted its position in Honeywell International Inc. (NYSE:HON) by 146.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 837,312 shares of the conglomerate’s stock after buying an additional 497,396 shares during the period. Ensign Peak Advisors Inc owned approximately 0.12% of Honeywell International worth $112,023,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Financial Advisors Network Inc. grew its holdings in Honeywell International by 5.0% during the 1st quarter. Financial Advisors Network Inc. now owns 5,709 shares of the conglomerate’s stock worth $764,000 after acquiring an additional 270 shares during the period. Rice Partnership LLC lifted its stake in shares of Honeywell International by 211.1% in the 1st quarter. Rice Partnership LLC now owns 5,386 shares of the conglomerate’s stock valued at $721,000 after purchasing an additional 3,655 shares during the period. Wambolt & Associates LLC boosted its position in shares of Honeywell International by 17.7% during the 1st quarter. Wambolt & Associates LLC now owns 3,175 shares of the conglomerate’s stock valued at $425,000 after purchasing an additional 478 shares in the last quarter. Toews Corp ADV acquired a new stake in Honeywell International during the first quarter worth approximately $696,000. Finally, Mattern Capital Management LLC increased its holdings in Honeywell International by 8.7% in the first quarter. Mattern Capital Management LLC now owns 24,374 shares of the conglomerate’s stock worth $3,261,000 after purchasing an additional 1,950 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.
Shares of HON stock traded up $6.28 during trading hours on Tuesday, hitting $145.47. 2,077,006 shares of the company’s stock were exchanged, compared to its average volume of 3,739,470. The company has a market capitalization of $101.90 billion, a PE ratio of 16.70, a PEG ratio of 2.70 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 12-month low of $101.08 and a 12-month high of $184.06. The business’s 50 day simple moving average is $135.63 and its 200-day simple moving average is $160.75.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, May 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.47%. Honeywell International’s dividend payout ratio (DPR) is currently 44.12%.
Several analysts have recently weighed in on HON shares. Atlantic Securities lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and set a $158.00 price objective for the company. in a research note on Tuesday, March 31st. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $138.00 to $158.00 in a research note on Thursday, May 21st. Citigroup cut their price objective on shares of Honeywell International from $187.00 to $152.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Zacks Investment Research downgraded Honeywell International from a “hold” rating to a “sell” rating and set a $146.00 target price for the company. in a research note on Monday, May 4th. Finally, Robert W. Baird dropped their price target on Honeywell International from $190.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target 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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