Mizuho Securities USA LLC Buys 575,865 Shares of Honeywell International Inc. (NASDAQ:HON)

Mizuho Securities USA LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1,147.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 626,071 shares of the conglomerate’s stock after acquiring an additional 575,865 shares during the quarter. Mizuho Securities USA LLC owned approximately 0.10% of Honeywell International worth $129,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in shares of Honeywell International by 4.7% during the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after acquiring an additional 77 shares in the last quarter. Banco Santander S.A. increased its position in shares of Honeywell International by 1.9% during the first quarter. Banco Santander S.A. now owns 7,002 shares of the conglomerate’s stock worth $1,437,000 after acquiring an additional 131 shares in the last quarter. M&G Plc bought a new position in Honeywell International in the 1st quarter valued at about $1,993,000. Jupiter Asset Management Ltd. acquired a new position in Honeywell International during the 1st quarter valued at about $1,398,000. Finally, TIAA Trust National Association raised its stake in shares of Honeywell International by 10.4% in the first quarter. TIAA Trust National Association now owns 60,240 shares of the conglomerate’s stock worth $12,364,000 after purchasing an additional 5,653 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday. Citigroup decreased their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Barclays increased their price target on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $228.99 on Friday. The company’s fifty day moving average price is $211.39 and its 200-day moving average price is $207.74. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 49.88%.

Honeywell International Profile

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.