West Bancorporation Inc. Purchases Shares of 2,984 Honeywell International Inc. (NASDAQ:HON)

West Bancorporation Inc. purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,984 shares of the conglomerate’s stock, valued at approximately $622,000. Honeywell International accounts for about 0.5% of West Bancorporation Inc.’s investment portfolio, making the stock its 29th biggest holding.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Honeywell International by 3.8% in the third quarter. BlackRock Inc. now owns 41,268,823 shares of the conglomerate’s stock worth $8,760,549,000 after acquiring an additional 1,506,663 shares during the last quarter. Morgan Stanley grew its stake in shares of Honeywell International by 2.9% in the third quarter. Morgan Stanley now owns 12,486,194 shares of the conglomerate’s stock worth $2,650,568,000 after acquiring an additional 350,521 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Honeywell International by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 7,817,231 shares of the conglomerate’s stock worth $1,659,440,000 after acquiring an additional 165,235 shares during the last quarter. Invesco Ltd. lifted its position in Honeywell International by 17.5% in the third quarter. Invesco Ltd. now owns 2,600,605 shares of the conglomerate’s stock worth $552,057,000 after purchasing an additional 387,447 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in Honeywell International by 15.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,400,160 shares of the conglomerate’s stock worth $500,455,000 after purchasing an additional 320,604 shares during the period. Institutional investors own 74.61% of the company’s stock.

Shares of NASDAQ:HON traded up $3.59 during midday trading on Friday, reaching $193.51. The company’s stock had a trading volume of 7,248,558 shares, compared to its average volume of 2,603,847. The business’s fifty day simple moving average is $193.36 and its 200-day simple moving average is $198.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.30 and a quick ratio of 1.04. The company has a market capitalization of $132.65 billion, a P/E ratio of 24.43, a P/E/G ratio of 2.26 and a beta of 1.13. Honeywell International Inc. has a fifty-two week low of $174.42 and a fifty-two week high of $236.86.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings data on Friday, April 29th. The conglomerate reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.05. The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.29 billion. Honeywell International had a return on equity of 30.52% and a net margin of 16.11%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $1.92 earnings per share. On average, analysts forecast that Honeywell International Inc. will post 8.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Friday, May 13th will be given a $0.98 dividend. The ex-dividend date is Thursday, May 12th. This represents a $3.92 dividend on an annualized basis and a yield of 2.03%. Honeywell International’s payout ratio is 49.49%.

Several research analysts recently commented on HON shares. Wells Fargo & Company reduced their target price on Honeywell International from $216.00 to $205.00 and set an “equal weight” rating for the company in a research report on Monday, February 7th. StockNews.com started coverage on Honeywell International in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group reduced their target price on Honeywell International from $226.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, February 4th. UBS Group cut their price objective on Honeywell International from $237.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, February 15th. Finally, Mizuho cut their price objective on Honeywell International from $245.00 to $235.00 and set a “buy” rating for the company in a report on Friday, February 4th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price of $228.43.

About Honeywell International (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

Further Reading

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

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