Honeywell International Inc. $HON Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,625,678 shares of the conglomerate’s stock after purchasing an additional 72,447 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.26% of Honeywell International worth $342,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Honeywell International by 145.7% during the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after purchasing an additional 2,629 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after buying an additional 1,223 shares during the last quarter. Rossby Financial LCC raised its position in shares of Honeywell International by 19.2% in the second quarter. Rossby Financial LCC now owns 1,169 shares of the conglomerate’s stock valued at $272,000 after buying an additional 188 shares during the last quarter. Finally, Quaker Wealth Management LLC lifted its stake in shares of Honeywell International by 199.7% in the second quarter. Quaker Wealth Management LLC now owns 1,902 shares of the conglomerate’s stock worth $443,000 after buying an additional 3,809 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction on 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 in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 18,190 shares of company stock worth $4,244,287. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HON. BNP Paribas Exane upped their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. TD Cowen dropped their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. JPMorgan Chase & Co. increased their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $247.50.

Honeywell International Trading Down 0.6%

HON opened at $242.20 on Thursday. 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 price-to-earnings ratio of 30.31, a PEG 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. The business has a fifty day moving average price of $219.33 and a 200 day moving average price of $210.52.

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

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued 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 payout ratio is 59.57%.

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.