Capital Group Investment Management PTE. LTD. Acquires New Position in Honeywell International Inc. (NASDAQ:HON)

Capital Group Investment Management PTE. LTD. purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,226 shares of the conglomerate's stock, valued at approximately $1,181,000.

Several other hedge funds also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC purchased a new position in Honeywell International during the 4th quarter worth approximately $25,000. Avalon Trust Co grew its position in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter valued at $30,000. Curio Wealth LLC purchased a new stake in Honeywell International in the 4th quarter valued at $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in Honeywell International during the 4th quarter worth $37,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HON. Citigroup reduced their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Finally, Royal Bank of Canada cut their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $242.15.

Honeywell International Price Performance

NASDAQ HON traded down $0.14 during mid-day trading on Wednesday, hitting $198.23. The stock had a trading volume of 1,570,677 shares, compared to its average volume of 3,649,056. The company has a 50 day simple moving average of $205.56 and a 200 day simple moving average of $216.01. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $127.51 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released 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 return on equity of 35.78% and a net margin of 14.82%. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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 given a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.28%. Honeywell International's dividend payout ratio is presently 51.89%.

Honeywell International Company 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.