Honeywell International Inc. (NASDAQ:HON) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,321,068 shares of the conglomerate’s stock after buying an additional 56,442 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Honeywell International were worth $299,175,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Mainstream Capital Management LLC bought a new position in Honeywell International in the 4th quarter worth about $25,000. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the 3rd quarter valued at approximately $25,000. Avalon Trust Co grew its stake in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new position in Honeywell International in the fourth quarter worth approximately $30,000. Finally, Financial Avengers Inc. increased its stake in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

HON has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. Barclays reduced their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group raised their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $249.08.

Honeywell International Stock Up 0.5 %

HON stock opened at $213.12 on Thursday. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $138.51 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The business’s 50-day simple moving average is $213.62 and its 200 day simple moving average is $216.83.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio is 51.89%.

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.