Wellington Management Group LLP Purchases 1,293,137 Shares of Honeywell International Inc. $HON

Wellington Management Group LLP increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,751,951 shares of the conglomerate’s stock after acquiring an additional 1,293,137 shares during the period. Wellington Management Group LLP’s holdings in Honeywell International were worth $3,335,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new position in Honeywell International in the fourth quarter worth $34,000. Pandora Wealth Inc. purchased a new position in Honeywell International in the first quarter worth $33,000. Banque de Luxembourg S.A. purchased a new position in Honeywell International in the fourth quarter worth $38,000. Finally, Stone House Investment Management LLC purchased a new position in Honeywell International in the first quarter worth $41,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on HON shares. Citigroup upped their target price on shares of 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 cut their target price on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a research report on Friday, July 25th. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Wells Fargo & Company cut their target price on shares of Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a research report on Friday, July 25th. Finally, Barclays increased their target price on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $254.00.

Honeywell International Trading Down 0.7%

Shares of HON opened at $216.77 on Monday. The stock has a market capitalization of $137.63 billion, a P/E ratio of 24.66, a PEG ratio of 2.45 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a fifty day simple moving average of $227.72 and a two-hundred day simple moving average of $216.67. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.49 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International’s payout ratio is presently 51.42%.

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.