Penserra Capital Management LLC Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

Penserra Capital Management LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 41.8% in the first quarter, Holdings Channel reports. The firm owned 81,456 shares of the conglomerate’s stock after buying an additional 24,026 shares during the period. Penserra Capital Management LLC’s holdings in Honeywell International were worth $17,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Honeywell International by 40.8% during the 4th quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate’s stock valued at $595,000 after acquiring an additional 764 shares in the last quarter. Candriam S.C.A. increased its holdings in shares of Honeywell International by 88.3% in the 4th quarter. Candriam S.C.A. now owns 9,144 shares of the conglomerate’s stock valued at $2,066,000 after acquiring an additional 4,288 shares during the period. Callan Family Office LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at $2,527,000. Finally, Destination Wealth Management raised its position in shares of Honeywell International by 106.8% in the 4th quarter. Destination Wealth Management now owns 2,552 shares of the conglomerate’s stock worth $576,000 after acquiring an additional 1,318 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.5%

Shares of Honeywell International stock opened at $240.52 on Friday. The firm’s 50 day simple moving average is $222.98 and its two-hundred day simple moving average is $215.99. The firm has a market capitalization of $154.57 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.75 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $179.36 and a 12-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 data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 earnings per share. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HON shares. JPMorgan Chase & Co. raised 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. Barclays increased 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. Citigroup lifted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Eight research 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $250.29.

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.