Eurizon Capital SGR S.p.A. purchased a new stake in Honeywell International Inc. (NASDAQ:HON – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,270,205 shares of the conglomerate’s stock, valued at approximately $248,040,000. Honeywell International comprises approximately 0.8% of Eurizon Capital SGR S.p.A.’s portfolio, making the stock its 22nd largest holding.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 63,161,731 shares of the conglomerate’s stock valued at $12,322,222,000 after acquiring an additional 1,027,413 shares during the last quarter. Geode Capital Management LLC raised its position in Honeywell International by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 15,716,647 shares of the conglomerate’s stock worth $3,066,520,000 after purchasing an additional 120,929 shares during the last quarter. Franklin Resources Inc. raised its position in Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after purchasing an additional 2,277,234 shares during the last quarter. Invesco Ltd. raised its position in Honeywell International by 11.0% during the 3rd quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock worth $1,287,408,000 after purchasing an additional 605,600 shares during the last quarter. Finally, Unisphere Establishment raised its position in Honeywell International by 5.4% during the 3rd quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate’s stock worth $887,258,000 after purchasing an additional 215,000 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.
Honeywell International Stock Performance
Shares of Honeywell International stock opened at $237.86 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. The business has a 50-day moving average price of $223.60 and a two-hundred day moving average price of $217.81. Honeywell International Inc. has a 1-year low of $186.76 and a 1-year high of $248.18. The company has a market cap of $150.72 billion, a P/E ratio of 33.69, a PEG ratio of 3.33 and a beta of 0.82.
Honeywell International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, May 15th. Honeywell International’s dividend payout ratio (DPR) is presently 67.42%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on HON shares. Morgan Stanley raised their target price on Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 12th. BMO Capital Markets started coverage on Honeywell International in a research report on Friday, March 27th. They set an “outperform” rating and a $273.00 target price for the company. Barclays raised their target price on Honeywell International from $243.00 to $251.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of Honeywell International in a research report on Friday. Finally, TD Cowen lowered their target price on Honeywell International from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $247.29.
Read Our Latest Analysis on Honeywell International
Honeywell International Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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