Scotia Capital Inc. Has $97.86 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Scotia Capital Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 433,181 shares of the conglomerate's stock after purchasing an additional 20,245 shares during the period. Scotia Capital Inc. owned about 0.07% of Honeywell International worth $97,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Raymond James Financial Inc. bought a new stake in Honeywell International in the fourth quarter valued at about $435,786,000. ING Groep NV boosted its holdings in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp grew its stake in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the period. Boston Partners raised its holdings in shares of Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock worth $675,986,000 after buying an additional 677,213 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of Honeywell International by 320.5% during the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock worth $193,890,000 after buying an additional 654,207 shares during the period. 75.91% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the firm'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 sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

HON has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Morgan Stanley increased their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Citigroup reduced their price target on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday. Barclays dropped their price objective on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their target price on Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of "Hold" and an average target price of $242.15.

Honeywell International Trading Down 0.3 %

Shares of NASDAQ HON traded down $0.51 during mid-day trading on Tuesday, hitting $199.74. The company's stock had a trading volume of 983,493 shares, compared to its average volume of 3,619,707. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company's fifty day simple moving average is $206.83 and its 200-day simple moving average is $216.43. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market cap of $129.81 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth 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 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%. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is presently 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.