Honeywell International Inc. (NASDAQ:HON) Stake Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 161,826 shares of the conglomerate’s stock after buying an additional 6,003 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Honeywell International were worth $33,937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cordant Inc. bought a new position in Honeywell International during the fourth quarter worth about $31,000. Rakuten Securities Inc. bought a new position in Honeywell International during the fourth quarter worth about $31,000. True Wealth Design LLC bought a new position in Honeywell International during the fourth quarter worth about $31,000. Financial Connections Group Inc. bought a new position in Honeywell International during the fourth quarter worth about $37,000. Finally, TFO Wealth Partners LLC lifted its stake in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HON. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday. Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their target price on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $219.67.

Honeywell International Stock Down 0.2 %

HON traded down $0.36 during trading on Wednesday, hitting $190.36. The company had a trading volume of 2,424,281 shares, compared to its average volume of 3,018,689. The company has a market capitalization of $123.96 billion, a PE ratio of 22.44, a PEG ratio of 2.22 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The firm’s 50-day moving average price is $198.48 and its 200 day moving average price is $195.86. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.52 EPS. As a group, equities analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.27%. Honeywell International’s dividend payout ratio is currently 51.00%.

Honeywell International 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.