Moore Capital Management LP Invests $16.53 Million in Honeywell International Inc. (NASDAQ:HON)

Moore Capital Management LP purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 73,154 shares of the conglomerate’s stock, valued at approximately $16,525,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $25,000. Avalon Trust Co raised its holdings in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Honeywell International during the 4th quarter valued at $30,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International in the fourth quarter worth $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Citigroup reduced their price target on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada upped their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $242.23.

Honeywell International Stock Performance

NASDAQ HON opened at $213.03 on Monday. The company has a market capitalization of $136.91 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock has a fifty day simple moving average of $205.26 and a 200 day simple moving average of $215.34. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last released its earnings results 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. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.12%. Honeywell International’s payout ratio is 51.95%.

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.