USA Financial Formulas Buys 1,048 Shares of Honeywell International Inc. (NASDAQ:HON)

USA Financial Formulas boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 18.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,712 shares of the conglomerate’s stock after acquiring an additional 1,048 shares during the period. USA Financial Formulas’ holdings in Honeywell International were worth $1,421,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in HON. Capital World Investors bought a new stake in Honeywell International in the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. bought a new stake in Honeywell International in the fourth quarter worth about $435,786,000. ING Groep NV raised its position in Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after acquiring an additional 1,574,376 shares during the period. GAMMA Investing LLC raised its position in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. Finally, Cibc World Markets Corp raised its position in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. Citigroup boosted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, Barclays reduced their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average price target of $248.14.

Honeywell International Price Performance

HON stock opened at $226.26 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The stock has a market cap of $145.41 billion, a PE ratio of 25.98, a P/E/G ratio of 2.51 and a beta of 1.08. The firm has a 50 day simple moving average of $211.06 and a two-hundred day simple moving average of $216.13.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is 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.