Olstein Capital Management L.P. Acquires 5,500 Shares of Honeywell International Inc. (NASDAQ:HON)

Olstein Capital Management L.P. raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 39.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,500 shares of the conglomerate’s stock after acquiring an additional 5,500 shares during the period. Olstein Capital Management L.P.’s holdings in Honeywell International were worth $4,129,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Honeywell International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after acquiring an additional 380,299 shares in the last quarter. Geode Capital Management LLC raised its position in Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock valued at $3,379,568,000 after purchasing an additional 627,422 shares during the last quarter. Capital World Investors acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $1,594,216,000. Bank of New York Mellon Corp grew its holdings in shares of Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after purchasing an additional 631,761 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in Honeywell International by 5.5% in the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock valued at $1,500,141,000 after buying an additional 346,190 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Barclays decreased their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Eight research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.14.

Honeywell International Trading Up 0.9%

HON opened at $228.78 on Monday. The company has a fifty day moving average price of $210.44 and a two-hundred day moving average price of $216.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a market cap of $147.03 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is currently 51.95%.

About Honeywell International

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.