Marshall Wace boosted its Honeywell stake by 88% amid strong earnings and a rising dividend.

Marshall Wace LLP increased its stake in Honeywell International (HON) by 88.1% in Q2, now holding 802,060 shares worth $186.8 million. The company reported Q2 earnings of $2.25 per share on $8.95 billion in revenue, with a 15.07% net margin and 38.11% return on equity. Honeywell’s stock, trading at $192.23, has a market cap of $122.04 billion, a forward P/E of 20.26, and a 2.5% dividend yield after raising its quarterly payout to $1.19. Analysts project full-year EPS of $10.34 and a consensus price target of $236.71, with a “Hold” rating. Institutional ownership remains strong at 75.91%.