Honeywell International Inc. $HON is Ontario Teachers Pension Plan Board’s 9th Largest Position

Ontario Teachers Pension Plan Board grew its position in Honeywell International Inc. (NASDAQ:HON) by 7.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 642,389 shares of the conglomerate’s stock after acquiring an additional 42,224 shares during the period. Honeywell International makes up 2.9% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 9th biggest holding. Ontario Teachers Pension Plan Board’s holdings in Honeywell International were worth $135,223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Bank of New York Mellon Corp increased its holdings in shares of Honeywell International by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock valued at $1,578,344,000 after acquiring an additional 48,968 shares during the last quarter. Unisphere Establishment boosted its stake in shares of Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after buying an additional 300,000 shares during the period. Legal & General Group Plc grew its stake in shares of Honeywell International by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after purchasing an additional 138,235 shares during the last quarter. Laurel Wealth Advisors LLC grew its position in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Honeywell International by 9.9% during the second quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after acquiring an additional 263,043 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON stock opened at $241.14 on Thursday. The firm has a market cap of $153.10 billion, a P/E ratio of 30.18, a PEG ratio of 3.52 and a beta of 0.94. The stock’s 50-day moving average is $214.72 and its two-hundred day moving average is $209.68. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $245.63.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the business earned $2.47 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Analysts predict 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. Shareholders of record on Friday, February 27th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio is currently 59.57%.

Analysts Set New Price Targets

A number of analysts recently commented on HON shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Wall Street Zen raised Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Bank of America restated an “underperform” rating and issued a $205.00 price target (down previously from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Morgan Stanley cut their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. Finally, BNP Paribas Exane raised their target price on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $246.32.

Insider Transactions at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Honeywell International Company 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.