Oppenheimer Asset Management Inc. Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Oppenheimer Asset Management Inc. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 25.7% during the 1st quarter, HoldingsChannel reports. The fund owned 34,880 shares of the conglomerate’s stock after acquiring an additional 7,138 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Honeywell International were worth $7,386,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Claris Advisors LLC MO increased its position in Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after purchasing an additional 49 shares during the period. Avantax Planning Partners Inc. increased its position in Honeywell International by 1.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock valued at $777,000 after purchasing an additional 49 shares during the period. Zions Bancorporation N.A. increased its position in Honeywell International by 7.4% during the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate’s stock valued at $164,000 after purchasing an additional 50 shares during the period. Cetera Trust Company N.A increased its position in Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate’s stock valued at $2,218,000 after purchasing an additional 50 shares during the period. Finally, Kennedy Investment Group increased its position in Honeywell International by 1.7% during the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate’s stock valued at $639,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $224.60 on Wednesday. The stock has a market cap of $144.35 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.62 and a beta of 1.08. The firm’s 50-day moving average is $217.13 and its 200 day moving average is $215.75. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 EPS. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Barclays boosted their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, June 18th. Royal Bank Of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Finally, Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $249.21.

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.