280,604 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Employees Retirement System of Texas

Employees Retirement System of Texas purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 280,604 shares of the conglomerate’s stock, valued at approximately $59,920,000.

Several other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 32.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after purchasing an additional 1,899,373 shares in the last quarter. Capital Wealth Planning LLC bought a new stake in shares of Honeywell International during the second quarter worth about $392,478,000. Natixis lifted its position in Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after acquiring an additional 544,175 shares in the last quarter. Capital Research Global Investors boosted its stake in Honeywell International by 20.4% during the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after purchasing an additional 539,644 shares during the last quarter. Finally, First Financial Bankshares Inc bought a new stake in Honeywell International during the 4th quarter worth approximately $72,580,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.7 %

Honeywell International stock opened at $206.78 on Thursday. The firm has a 50 day moving average price of $204.00 and a 200-day moving average price of $203.52. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a market capitalization of $134.65 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 earnings per share. As a group, equities analysts predict that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Morgan Stanley initiated coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Finally, Citigroup lifted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $223.13.

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.