SBI Securities Co. Ltd. Has $270,000 Position in Honeywell International Inc. (NASDAQ:HON)

SBI Securities Co. Ltd. increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 29.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,273 shares of the conglomerate’s stock after buying an additional 292 shares during the period. SBI Securities Co. Ltd.’s holdings in Honeywell International were worth $270,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $34,000. Alexis Investment Partners LLC bought a new stake in Honeywell International during the fourth quarter worth $37,000. Banque de Luxembourg S.A. bought a new position in Honeywell International in the 4th quarter valued at $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Honeywell International during the 4th quarter valued at $45,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HON. Barclays increased their price objective on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $226.00 price objective on shares of Honeywell International in a research note on Wednesday, June 25th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Mizuho lifted their price target 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 analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $250.79.

Honeywell International Trading Up 0.6%

Shares of NASDAQ HON opened at $238.37 on Friday. The stock has a market capitalization of $153.20 billion, a PE ratio of 27.40, a PEG ratio of 2.69 and a beta of 1.07. The stock has a fifty day simple moving average of $227.75 and a 200-day simple moving average of $216.64. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion for 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%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.25 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

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.