GM Advisory Group Inc. raised its position in Honeywell International Inc. (NYSE:HON) by 1,179.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,845 shares of the conglomerate’s stock after purchasing an additional 14,607 shares during the quarter. GM Advisory Group Inc.’s holdings in Honeywell International were worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of Honeywell International by 11.2% in the first quarter. Federated Hermes Inc. now owns 189,895 shares of the conglomerate’s stock valued at $25,406,000 after acquiring an additional 19,157 shares in the last quarter. BOKF NA boosted its holdings in shares of Honeywell International by 3.0% in the first quarter. BOKF NA now owns 94,461 shares of the conglomerate’s stock valued at $12,638,000 after acquiring an additional 2,762 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Honeywell International by 2.5% in the first quarter. Pinnacle Associates Ltd. now owns 136,264 shares of the conglomerate’s stock valued at $18,231,000 after acquiring an additional 3,296 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Honeywell International by 45.8% in the first quarter. Franklin Resources Inc. now owns 9,816,298 shares of the conglomerate’s stock valued at $1,313,305,000 after acquiring an additional 3,085,548 shares in the last quarter. Finally, DRW Securities LLC boosted its holdings in shares of Honeywell International by 270.5% in the first quarter. DRW Securities LLC now owns 4,346 shares of the conglomerate’s stock valued at $581,000 after acquiring an additional 3,173 shares in the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

Several research analysts have recently issued reports on the stock. Citigroup decreased their price objective on shares of Honeywell International from $187.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Robert W. Baird reduced their target price on shares of Honeywell International from $190.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Morgan Stanley raised their target price on shares of Honeywell International from $130.00 to $137.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $138.00 to $158.00 in a report on Thursday, May 21st. Finally, William Blair restated a “market perform” rating on shares of Honeywell International in a report on Monday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $156.47.

Shares of Honeywell International stock traded up $4.68 during midday trading on Wednesday, reaching $153.03. 125,329 shares of the company’s stock traded hands, compared to its average volume of 3,583,829. The company has a market cap of $107.09 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 2.84 and a beta of 1.03. The company’s 50 day simple moving average is $137.03 and its 200 day simple moving average is $159.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.30. Honeywell International Inc. has a 52 week low of $101.08 and a 52 week high of $184.06.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.25. The business had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.56 billion. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. Honeywell International’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. As a group, equities research analysts predict that Honeywell International Inc. will post 6.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.35%. Honeywell International’s dividend payout ratio is currently 44.12%.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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