Capital International Investors Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Capital International Investors grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 8.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,230,845 shares of the conglomerate’s stock after acquiring an additional 170,270 shares during the quarter. Capital International Investors owned about 0.34% of Honeywell International worth $503,966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Howard Capital Management Group LLC increased its holdings in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after acquiring an additional 174 shares during the period. M&T Bank Corp boosted its stake in shares of Honeywell International by 1.1% during the third quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate’s stock worth $61,643,000 after buying an additional 3,143 shares during the period. Westside Investment Management Inc. raised its stake in Honeywell International by 15.4% during the 3rd quarter. Westside Investment Management Inc. now owns 375 shares of the conglomerate’s stock valued at $78,000 after acquiring an additional 50 shares during the last quarter. Tudor Financial Inc. acquired a new stake in Honeywell International during the 3rd quarter worth approximately $425,000. Finally, Anchor Investment Management LLC grew its stake in shares of Honeywell International by 46.4% in the 3rd quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $199,000 after purchasing an additional 305 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HON shares. Morgan Stanley increased their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Barclays dropped their price target on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Citigroup lowered their price objective on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $242.15.

Honeywell International Stock Performance

NASDAQ HON opened at $196.60 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $126.46 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The business’s 50-day moving average price is $205.92 and its 200 day moving average price is $216.02. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 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.