ProShare Advisors LLC Buys 188,842 Shares of Honeywell International Inc. (NASDAQ:HON)

ProShare Advisors LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 979,965 shares of the conglomerate’s stock after acquiring an additional 188,842 shares during the quarter. ProShare Advisors LLC owned approximately 0.15% of Honeywell International worth $221,364,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in Honeywell International during the 4th quarter worth about $25,000. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Honeywell International in the 4th quarter valued at about $30,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International in the 4th quarter valued at about $35,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Barclays reduced their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $242.23.

Honeywell International Price Performance

NASDAQ HON opened at $217.18 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a market capitalization of $139.58 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The firm’s 50 day moving average is $205.65 and its 200-day moving average is $215.45.

Honeywell International (NASDAQ:HON) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 earnings per share. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.08%. Honeywell International’s payout ratio is 51.95%.

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.