Resona Asset Management Co. Ltd. Makes New $43.03 Million Investment in Honeywell International Inc. (NASDAQ:HON)

Resona Asset Management Co. Ltd. bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 190,064 shares of the conglomerate's stock, valued at approximately $43,029,000.

Several other hedge funds have also recently modified their holdings of HON. Vanguard Group Inc. increased its holdings in shares of Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after purchasing an additional 380,299 shares in the last quarter. Wellington Management Group LLP increased its holdings in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock valued at $3,684,957,000 after buying an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after acquiring an additional 627,422 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after acquiring an additional 631,761 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Honeywell International by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate's stock valued at $881,225,000 after purchasing an additional 116,925 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts have recently weighed in on HON shares. Citigroup dropped their price target on Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Barclays cut their target price 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. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their target price 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. Finally, Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $245.00.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the 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 completion of the sale, the vice president now 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company's stock.

Honeywell International Trading Down 3.5 %

HON stock traded down $7.01 on Thursday, hitting $192.10. 2,051,703 shares of the company were exchanged, compared to its average volume of 3,600,235. The stock has a market capitalization of $124.85 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The business's fifty day moving average is $208.35 and its two-hundred day moving average is $216.56. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. 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 (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

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.