Capital International Investors Buys 170,270 Shares of Honeywell International Inc. (NASDAQ:HON)

Capital International Investors raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,230,845 shares of the conglomerate's stock after acquiring an additional 170,270 shares during the quarter. Capital International Investors owned approximately 0.34% of Honeywell International worth $503,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at approximately $435,786,000. ING Groep NV raised its holdings in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after acquiring an additional 1,574,376 shares during the period. Cibc World Markets Corp lifted its position 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 acquiring an additional 1,018,099 shares in the last quarter. Demars Financial Group LLC bought a new position in shares of Honeywell International in the fourth quarter worth $155,407,000. Finally, Boston Partners grew its position in shares of Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after purchasing an additional 677,213 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 1.8 %

NASDAQ:HON traded up $3.60 during trading hours on Thursday, reaching $200.91. The company's stock had a trading volume of 1,098,693 shares, compared to its average volume of 3,653,601. 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 has a market capitalization of $129.23 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.51 and a beta of 1.01. The firm has a 50-day simple moving average of $205.45 and a 200-day simple moving average of $215.88. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 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%. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is 51.89%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HON. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Citigroup cut their price target 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. Finally, Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Ten research 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, the company presently has an average rating of "Hold" and an average target price of $242.15.

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 dated 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 of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

About Honeywell International

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.