Mufg Securities Americas Inc. Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Mufg Securities Americas Inc. acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,600 shares of the conglomerate’s stock, valued at approximately $2,169,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nissay Asset Management Corp Japan ADV raised its position in Honeywell International by 5.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 146,327 shares of the conglomerate’s stock worth $33,584,000 after purchasing an additional 7,333 shares in the last quarter. Nearwater Capital Markets Ltd bought a new stake in shares of Honeywell International in the 4th quarter valued at approximately $39,043,000. NorthRock Partners LLC raised its holdings in shares of Honeywell International by 133.8% in the 4th quarter. NorthRock Partners LLC now owns 9,797 shares of the conglomerate’s stock worth $2,213,000 after buying an additional 5,606 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Honeywell International during the 4th quarter worth approximately $1,054,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Honeywell International in the 4th quarter valued at $7,567,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock opened at $218.22 on Wednesday. The business’s 50-day simple moving average is $205.60 and its 200 day simple moving average is $215.44. 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 $140.25 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company earned $2.25 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Analyst Ratings Changes

Several research analysts have issued reports on HON shares. Wells Fargo & Company increased their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Citigroup dropped their target price on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley boosted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.23.

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.