Mitsubishi UFJ Trust & Banking Corp Sells 3,065 Shares of Honeywell International Inc. (NASDAQ:HON)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 373,732 shares of the conglomerate’s stock after selling 3,065 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Honeywell International were worth $84,422,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International during the 3rd quarter worth about $25,000. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co grew its holdings in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International in the 4th quarter valued at approximately $30,000. Finally, Financial Avengers Inc. lifted its stake in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price target 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. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, StockNews.com cut shares of 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $249.38.

Honeywell International Trading Up 0.1 %

Shares of NASDAQ:HON opened at $212.12 on Wednesday. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The business has a 50 day moving average of $213.75 and a 200-day moving average of $216.85. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $137.86 billion, a PE ratio of 24.35, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Honeywell International Company 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.