E Fund Management Hong Kong Co. Ltd. Acquires 253 Shares of Honeywell International Inc. (NASDAQ:HON)

E Fund Management Hong Kong Co. Ltd. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 486.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 305 shares of the conglomerate’s stock after purchasing an additional 253 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Honeywell International were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co boosted its holdings in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International during the fourth quarter valued at $35,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HON. Citigroup upped their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wells Fargo & Company upped their target price 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. Barclays raised their price target on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.21.

Honeywell International Stock Performance

Shares of HON opened at $224.74 on Tuesday. The firm has a market capitalization of $144.44 billion, a P/E ratio of 25.83, a PEG ratio of 2.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The business has a fifty day moving average of $216.61 and a 200 day moving average of $215.69.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the company posted $2.25 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International’s payout ratio is presently 51.95%.

Honeywell International Company 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.