Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Honeywell International Inc. $HON

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,625,678 shares of the conglomerate’s stock after purchasing an additional 72,447 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Honeywell International were worth $342,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HON. Howard Hughes Medical Institute purchased a new stake in Honeywell International in the second quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Finally, Cloud Capital Management LLC purchased a new position in Honeywell International during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the sale, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,190 shares of company stock worth $4,244,287 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HON has been the subject of a number of research reports. Mizuho reduced their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. DZ Bank reduced their price target on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Monday, January 5th. Royal Bank Of Canada upped their target price on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Evercore increased their target price on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $247.50.

Honeywell International Stock Down 0.6%

HON opened at $242.20 on Thursday. The business has a 50 day simple moving average of $219.33 and a 200-day simple moving average of $210.52. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $246.00. The stock has a market capitalization of $153.96 billion, a P/E ratio of 30.31, a P/E/G ratio of 3.53 and a beta of 0.94. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s payout ratio is currently 59.57%.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.