Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Stake in Honeywell (HON)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Honeywell (NYSE:HON) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,624 shares of the conglomerate’s stock after purchasing an additional 1,779 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Honeywell were worth $16,864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AGF Investments America Inc. grew its position in Honeywell by 3.6% during the second quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock worth $6,358,000 after buying an additional 1,668 shares during the period. BlackRock Inc. grew its position in Honeywell by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares during the period. Rothschild Asset Management Inc. grew its position in Honeywell by 2,358.6% during the third quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock worth $48,115,000 after buying an additional 325,653 shares during the period. Prudential Financial Inc. grew its position in Honeywell by 22.6% during the third quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock worth $321,367,000 after buying an additional 417,770 shares during the period. Finally, Veritable L.P. grew its position in Honeywell by 2.6% during the second quarter. Veritable L.P. now owns 32,263 shares of the conglomerate’s stock worth $4,300,000 after buying an additional 823 shares during the period. 75.30% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the transaction, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

NYSE:HON traded down $3.66 during trading hours on Friday, reaching $142.74. 2,867,863 shares of the company were exchanged, compared to its average volume of 2,714,867. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The company has a market cap of $107,340.77, a P/E ratio of 20.08, a P/E/G ratio of 1.96 and a beta of 0.97. Honeywell has a 52-week low of $122.40 and a 52-week high of $165.13.

Honeywell (NYSE:HON) last posted its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell had a net margin of 4.08% and a return on equity of 27.27%. Honeywell’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 earnings per share. research analysts forecast that Honeywell will post 7.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell’s dividend payout ratio is currently 41.91%.

HON has been the topic of several research reports. Zacks Investment Research lowered shares of Honeywell from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Honeywell from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. UBS initiated coverage on shares of Honeywell in a research report on Monday, January 22nd. They issued a “buy” rating on the stock. Cowen reiterated a “buy” rating and issued a $168.00 price target on shares of Honeywell in a research report on Monday, January 22nd. Finally, Royal Bank of Canada increased their price target on shares of Honeywell to $163.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Honeywell has a consensus rating of “Buy” and a consensus price target of $166.07.

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Honeywell Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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