CANADA LIFE ASSURANCE Co Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

CANADA LIFE ASSURANCE Co raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,181 shares of the conglomerate's stock after purchasing an additional 46,021 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Honeywell International were worth $51,744,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HON. Valmark Advisers Inc. increased its stake in shares of Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in shares of Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC raised its position in shares of Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after purchasing an additional 47 shares during the period. Magnus Financial Group LLC lifted its stake in shares of Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after buying an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. boosted its holdings in Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after buying an additional 49 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 0.5 %

Shares of NASDAQ HON traded down $0.93 during trading hours on Wednesday, hitting $197.44. 1,478,156 shares of the company traded hands, compared to its average volume of 3,648,624. The company's 50 day moving average price is $205.56 and its 200 day moving average price is $216.01. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market capitalization of $127.00 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm'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 transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on HON shares. Barclays lowered their price objective on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Citigroup reduced their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Morgan Stanley upped their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of "Hold" and an average target price of $242.15.

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.