E Fund Management Co. Ltd. Acquires 97 Shares of Honeywell International Inc. (NASDAQ:HON)

E Fund Management Co. Ltd. raised its position in Honeywell International Inc. (NASDAQ:HON) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 6,549 shares of the conglomerate’s stock after acquiring an additional 97 shares during the period. E Fund Management Co. Ltd.’s holdings in Honeywell International were worth $1,398,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Connectus Wealth LLC lifted its holdings in Honeywell International by 2.2% in the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after acquiring an additional 4,789 shares during the period. Sanibel Captiva Trust Company Inc. bought a new position in Honeywell International in the fourth quarter valued at about $27,230,000. Trilogy Capital Inc. lifted its holdings in Honeywell International by 125.7% in the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after acquiring an additional 1,349 shares during the period. Jupiter Asset Management Ltd. bought a new position in Honeywell International in the first quarter valued at about $1,398,000. Finally, Lloyd Advisory Services LLC. bought a new position in Honeywell International in the first quarter valued at about $1,110,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HON shares. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Wells Fargo & Company decreased their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada decreased their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $223.13.

Honeywell International Stock Performance

NASDAQ:HON opened at $204.24 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The stock has a 50-day moving average price of $205.22 and a 200 day moving average price of $203.40. The stock has a market capitalization of $133.00 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the business posted $2.23 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

About Honeywell International

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.