Resona Asset Management Co. Ltd. Takes Position in Honeywell International Inc. (NASDAQ:HON)

Resona Asset Management Co. Ltd. bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 190,064 shares of the conglomerate’s stock, valued at approximately $43,029,000.

Other hedge funds also recently added to or reduced their stakes in the company. Smith Moore & CO. raised its stake in shares of Honeywell International by 3.1% in the fourth quarter. Smith Moore & CO. now owns 8,995 shares of the conglomerate’s stock valued at $2,032,000 after acquiring an additional 272 shares in the last quarter. Provident Investment Management Inc. acquired a new stake in Honeywell International in the 4th quarter valued at about $494,000. Yoffe Investment Management LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at about $1,984,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Honeywell International by 4.2% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,671 shares of the conglomerate’s stock worth $377,000 after buying an additional 67 shares in the last quarter. Finally, Pitcairn Co. increased its stake in shares of Honeywell International by 1.2% during the fourth quarter. Pitcairn Co. now owns 5,072 shares of the conglomerate’s stock worth $1,146,000 after buying an additional 61 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, The Goldman Sachs Group boosted their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $249.08.

Insider Buying and Selling

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

Honeywell International Stock Down 7.6 %

HON opened at $190.99 on Friday. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The business has a 50 day moving average price of $211.63 and a two-hundred day moving average price of $217.01. 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 company has a market cap of $124.13 billion, a PE ratio of 21.93, 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 EPS for the quarter, topping 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, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.37%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

About Honeywell International

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.