Honeywell International Inc. (NASDAQ:HON) is WIM INVESTMENT MANAGEMENT Ltd’s 9th Largest Position

WIM INVESTMENT MANAGEMENT Ltd lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 40.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,800 shares of the conglomerate’s stock after purchasing an additional 8,300 shares during the quarter. Honeywell International comprises 2.5% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 9th biggest holding. WIM INVESTMENT MANAGEMENT Ltd’s holdings in Honeywell International were worth $6,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Capital World Investors purchased a new position in Honeywell International during the fourth quarter valued at $1,594,216,000. GAMMA Investing LLC increased its holdings in shares of Honeywell International by 20,894.0% during 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. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock worth $183,728,000 after purchasing an additional 742,281 shares during the last quarter. Demars Financial Group LLC purchased a new position in shares of Honeywell International in the 4th quarter worth about $155,407,000. Finally, Geode Capital Management LLC raised its position in shares of Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.4%

Honeywell International stock opened at $225.08 on Tuesday. The stock has a market cap of $144.65 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.07. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a fifty day moving average of $229.42 and a 200 day moving average of $216.99. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International’s dividend payout ratio is presently 51.42%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Morgan Stanley boosted their price objective on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $254.00.

Honeywell International 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.