Invesco LLC Has $1.76 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Invesco LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 122.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,316 shares of the conglomerate’s stock after purchasing an additional 4,570 shares during the period. Invesco LLC’s holdings in Honeywell International were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors raised its stake in shares of Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock valued at $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. bought a new position in Honeywell International during the 4th quarter worth $361,000. Schroder Investment Management Group raised its position in Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock worth $20,235,000 after purchasing an additional 10,092 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Honeywell International in the 4th quarter valued at about $435,786,000. Finally, Dynasty Wealth Management LLC grew its position in shares of Honeywell International by 52.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock valued at $2,559,000 after buying an additional 3,879 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HON shares. Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Barclays increased their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 18th. Royal Bank Of Canada boosted their target price on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price target on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.21.

Honeywell International Stock Performance

Shares of HON stock opened at $224.74 on Tuesday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm’s 50-day simple moving average is $216.61 and its two-hundred day simple moving average is $215.69. The firm has a market cap of $144.44 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 2.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

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

Honeywell International Dividend Announcement

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