Mirae Asset Global Investments Co. Ltd. Purchases 22,146 Shares of Honeywell International Inc. (NASDAQ:HON)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,562 shares of the conglomerate’s stock after purchasing an additional 22,146 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Honeywell International were worth $40,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. LGT Group Foundation acquired a new position in shares of Honeywell International in the 1st quarter valued at $26,000. Richardson Capital Management LLC bought a new position in Honeywell International during the first quarter worth about $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the second quarter valued at approximately $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Honeywell International in the 2nd quarter worth approximately $43,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Royal Bank of Canada decreased their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research note on Friday. Citigroup reduced their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Barclays reduced their price target on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Stock Down 0.5 %

NASDAQ HON opened at $208.00 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.98. The stock has a market capitalization of $135.45 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The stock has a fifty day moving average of $207.39 and a 200-day moving average of $205.39.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.90 billion. On average, equities research analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio is currently 52.38%.

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.