Capital Research Global Investors Buys 346,190 Shares of Honeywell International Inc. (NASDAQ:HON)

Capital Research Global Investors increased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,641,017 shares of the conglomerate's stock after purchasing an additional 346,190 shares during the period. Capital Research Global Investors owned approximately 1.02% of Honeywell International worth $1,500,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC raised its stake in shares of Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock worth $571,000 after acquiring an additional 174 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Honeywell International by 1.1% during the 3rd quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate's stock valued at $61,643,000 after purchasing an additional 3,143 shares during the last quarter. Westside Investment Management Inc. raised its position in Honeywell International by 15.4% in the 3rd quarter. Westside Investment Management Inc. now owns 375 shares of the conglomerate's stock worth $78,000 after purchasing an additional 50 shares during the period. Tudor Financial Inc. purchased a new stake in Honeywell International during the third quarter valued at about $425,000. Finally, Anchor Investment Management LLC grew its stake in shares of Honeywell International by 46.4% during the third quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate's stock valued at $199,000 after buying an additional 305 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price 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. Royal Bank of Canada cut their target price on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Citigroup lowered 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. Morgan Stanley raised 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of "Hold" and a consensus price target of $242.15.

Honeywell International Stock Up 1.6 %

Shares of HON stock traded up $3.22 during mid-day trading on Thursday, reaching $200.53. 1,473,483 shares of the company's stock traded hands, compared to its average volume of 3,655,034. The company's 50-day moving average price is $205.45 and its 200-day moving average price is $215.88. The company has a market cap of $128.99 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. 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 data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. On average, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company's stock.

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.