Mackenzie Financial Corp Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Mackenzie Financial Corp boosted its position in Honeywell International Inc. (NASDAQ:HON) by 31.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,414 shares of the conglomerate’s stock after purchasing an additional 110,581 shares during the period. Mackenzie Financial Corp’s holdings in Honeywell International were worth $104,681,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HON. Capital World Investors purchased a new position in Honeywell International in the 4th quarter valued at approximately $1,594,216,000. Raymond James Financial Inc. acquired a new stake in Honeywell International during the 4th quarter valued at $435,786,000. ING Groep NV grew its holdings in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after buying an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp grew its holdings in Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after buying an additional 1,018,099 shares during the last quarter. Finally, Demars Financial Group LLC acquired a new stake in Honeywell International during the 4th quarter valued at $155,407,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays lowered their target price on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Citigroup lowered their target price on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Morgan Stanley increased their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $245.57.

Honeywell International Trading Down 0.7%

NASDAQ:HON opened at $222.03 on Friday. The business’s 50-day moving average is $207.60 and its two-hundred day moving average is $216.24. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market capitalization of $142.69 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $2.25 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

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.