Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,624 shares of the conglomerate’s stock after acquiring an additional 1,779 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Honeywell International were worth $16,864,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Modera Wealth Management LLC lifted its stake in shares of Honeywell International by 8.9% in the 4th quarter. Modera Wealth Management LLC now owns 6,113 shares of the conglomerate’s stock valued at $937,000 after purchasing an additional 500 shares during the last quarter. Bank of The West lifted its stake in shares of Honeywell International by 6.0% in the 4th quarter. Bank of The West now owns 9,378 shares of the conglomerate’s stock valued at $1,439,000 after purchasing an additional 535 shares during the last quarter. Benedict Financial Advisors Inc. lifted its stake in shares of Honeywell International by 1.4% in the 4th quarter. Benedict Financial Advisors Inc. now owns 27,566 shares of the conglomerate’s stock valued at $4,227,000 after purchasing an additional 378 shares during the last quarter. Loeb Partners Corp lifted its stake in shares of Honeywell International by 258.3% in the 4th quarter. Loeb Partners Corp now owns 34,400 shares of the conglomerate’s stock valued at $5,276,000 after purchasing an additional 24,800 shares during the last quarter. Finally, Aries Wealth Management acquired a new stake in shares of Honeywell International in the 4th quarter valued at $984,000. Institutional investors and hedge funds own 77.98% of the company’s stock.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the transaction, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the transaction, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Honeywell International Inc. (HON) opened at $151.78 on Friday. Honeywell International Inc. has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The stock has a market cap of $113,604.94, a PE ratio of 21.40, a PEG ratio of 2.13 and a beta of 0.98.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. equities research analysts forecast that Honeywell International Inc. will post 7.97 earnings per share for the current year.
Honeywell International declared that its board has initiated a stock repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.745 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.96%. Honeywell International’s payout ratio is 143.27%.
HON has been the subject of several analyst reports. TheStreet lowered shares of Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Royal Bank of Canada lowered shares of Honeywell International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Oppenheimer boosted their target price on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Citigroup set a $180.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $165.67.
ILLEGAL ACTIVITY NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/17/honeywell-international-inc-hon-shares-bought-by-mitsubishi-ufj-kokusai-asset-management-co-ltd.html.
Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.