Honeywell International Inc. (NASDAQ:HON) Shares Bought by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2,458.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,414 shares of the conglomerate’s stock after purchasing an additional 226,214 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Honeywell International were worth $53,178,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HON. Vident Advisory LLC increased its position in shares of Honeywell International by 0.9% during the fourth quarter. Vident Advisory LLC now owns 15,134 shares of the conglomerate’s stock worth $3,419,000 after acquiring an additional 129 shares during the period. Triglav Skladi D.O.O. purchased a new stake in shares of Honeywell International during the fourth quarter worth $9,223,000. Texas Bank & Trust Co purchased a new stake in shares of Honeywell International during the fourth quarter worth $894,000. TrinityPoint Wealth LLC increased its position in shares of Honeywell International by 0.8% during the fourth quarter. TrinityPoint Wealth LLC now owns 39,551 shares of the conglomerate’s stock worth $8,934,000 after acquiring an additional 318 shares during the period. Finally, State of Wyoming increased its position in shares of Honeywell International by 190.7% during the fourth quarter. State of Wyoming now owns 5,116 shares of the conglomerate’s stock worth $1,156,000 after acquiring an additional 3,356 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON stock opened at $224.94 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock’s 50-day moving average is $206.48 and its two-hundred day moving average is $215.94. The firm has a market cap of $144.57 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 EPS. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HON shares. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Wells Fargo & Company increased their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Finally, Citigroup dropped their target price on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $245.23.

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.