Capital World Investors Takes Position in Honeywell International Inc. (NASDAQ:HON)

Capital World Investors bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,057,488 shares of the conglomerate's stock, valued at approximately $1,594,216,000. Capital World Investors owned approximately 1.09% of Honeywell International as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HON. Baldwin Wealth Partners LLC MA lifted its holdings in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after acquiring an additional 2,611 shares in the last quarter. World Investment Advisors lifted its stake in shares of Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after purchasing an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth about $361,000. Costello Asset Management INC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $3,092,000. Finally, Schroder Investment Management Group raised its holdings in shares of Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after buying an additional 10,092 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

HON traded down $1.06 during trading hours on Wednesday, hitting $197.31. 4,156,721 shares of the stock were exchanged, compared to its average volume of 3,659,077. The stock has a market cap of $126.92 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The stock has a 50-day simple moving average of $205.56 and a 200-day simple moving average of $216.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. 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 posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Honeywell International Inc. will post 10.34 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 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is 51.89%.

Wall Street Analyst Weigh In

HON has been the subject of several recent research reports. Barclays lowered their price objective on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Morgan Stanley boosted their price objective 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. Citigroup lowered their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Ten equities 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. According to MarketBeat, Honeywell International presently has an average rating of "Hold" and a consensus price target of $242.15.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm'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 approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company's stock.

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.