Norinchukin Bank The Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Norinchukin Bank The lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,030 shares of the conglomerate's stock after selling 8,555 shares during the period. Honeywell International makes up approximately 0.7% of Norinchukin Bank The's portfolio, making the stock its 25th biggest holding. Norinchukin Bank The's holdings in Honeywell International were worth $33,664,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Capital International Inc. CA grew its holdings in Honeywell International by 118.7% during the fourth quarter. Capital International Inc. CA now owns 84,250 shares of the conglomerate's stock worth $19,031,000 after acquiring an additional 45,725 shares during the period. Capital Research Global Investors boosted its position in shares of Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares in the last quarter. Capital World Investors purchased a new position in shares of Honeywell International in the 4th quarter valued at about $1,594,216,000. Elevatus Welath Management lifted its stake in shares of Honeywell International by 46.1% in the fourth quarter. Elevatus Welath Management now owns 1,668 shares of the conglomerate's stock valued at $377,000 after purchasing an additional 526 shares during the period. Finally, Forum Financial Management LP boosted its holdings in Honeywell International by 40.7% during the fourth quarter. Forum Financial Management LP now owns 5,276 shares of the conglomerate's stock worth $1,192,000 after buying an additional 1,526 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on HON shares. Wells Fargo & Company decreased their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Barclays decreased their price objective on shares of 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 shares of Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. Royal Bank of Canada reduced their price target 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. Finally, Citigroup cut their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $242.15.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction on Monday, February 10th. The shares were 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 represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 2.1 %

HON traded up $4.14 during midday trading on Tuesday, hitting $198.37. The company's stock had a trading volume of 4,345,267 shares, compared to its average volume of 3,657,088. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a 50-day moving average price of $205.70 and a two-hundred day moving average price of $216.13. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a market cap of $127.60 billion, a P/E ratio of 22.77, a PEG ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 yield of 2.28%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

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.