UniSuper Management Pty Ltd Increases Stock Position in Honeywell International Inc. (NASDAQ:HON)

UniSuper Management Pty Ltd grew its stake in Honeywell International Inc. (NASDAQ:HON) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,841 shares of the conglomerate’s stock after buying an additional 8,639 shares during the period. Honeywell International makes up about 0.7% of UniSuper Management Pty Ltd’s holdings, making the stock its 22nd biggest holding. UniSuper Management Pty Ltd owned 0.06% of Honeywell International worth $93,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HON. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Honeywell International by 4.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,321,068 shares of the conglomerate’s stock worth $299,175,000 after purchasing an additional 56,442 shares in the last quarter. Aviso Wealth Management lifted its position in Honeywell International by 1.1% in the 4th quarter. Aviso Wealth Management now owns 8,105 shares of the conglomerate’s stock worth $1,831,000 after buying an additional 91 shares during the last quarter. Borer Denton & Associates Inc. boosted its stake in Honeywell International by 1.6% in the fourth quarter. Borer Denton & Associates Inc. now owns 32,839 shares of the conglomerate’s stock worth $7,418,000 after buying an additional 502 shares in the last quarter. Dechtman Wealth Management LLC bought a new position in Honeywell International during the fourth quarter valued at approximately $215,000. Finally, Ausdal Financial Partners Inc. raised its stake in shares of Honeywell International by 82.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 2,202 shares of the conglomerate’s stock worth $497,000 after acquiring an additional 992 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HON shares. Barclays reduced their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup reduced their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group boosted their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Ten investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $249.08.

Honeywell International Stock Up 0.5 %

Shares of Honeywell International stock opened at $213.12 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a market cap of $138.51 billion, a P/E ratio of 24.47, a PEG ratio of 2.51 and a beta of 1.08. The company’s fifty day simple moving average is $213.62 and its two-hundred day simple moving average is $216.83.

Honeywell International (NASDAQ:HON) last announced 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 net margin of 14.82% and a return on equity of 35.78%. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is presently 51.89%.

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.