Bank of Nova Scotia Acquires 69,578 Shares of Honeywell International Inc. (NASDAQ:HON)

Bank of Nova Scotia raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 797,180 shares of the conglomerate's stock after purchasing an additional 69,578 shares during the quarter. Bank of Nova Scotia owned approximately 0.12% of Honeywell International worth $180,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Honeywell International in the 4th quarter valued at about $435,786,000. ING Groep NV grew its position in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp increased its stake in shares of Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the period. Boston Partners lifted its holdings in Honeywell International by 29.2% during the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock worth $675,986,000 after purchasing an additional 677,213 shares during the last quarter. Finally, Cibc World Market Inc. boosted its stake in Honeywell International by 320.5% in the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock valued at $193,890,000 after purchasing an additional 654,207 shares during the period. 75.91% of the stock is owned by institutional investors.

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Honeywell International Price Performance

Shares of Honeywell International stock traded up $5.16 during midday trading on Friday, hitting $198.55. 5,102,399 shares of the company traded hands, compared to its average volume of 3,626,426. The stock has a market cap of $129.04 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm's fifty day moving average price is $207.27 and its 200-day moving average price is $216.49. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm 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. This represents a $4.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, 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 hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Barclays lowered their target price on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Hold" and a consensus target price of $245.00.

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.