FUKOKU MUTUAL LIFE INSURANCE Co Buys 328 Shares of Honeywell International Inc. (NASDAQ:HON)

FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,667 shares of the conglomerate’s stock after acquiring an additional 328 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Honeywell International were worth $602,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA raised its position in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after acquiring an additional 2,611 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $3,092,000. RIA Advisory Group LLC purchased a new position in shares of Honeywell International during the third quarter valued at about $6,124,000. Copley Financial Group Inc. purchased a new position in Honeywell International in the third quarter worth about $454,000. Finally, Sargent Investment Group LLC grew its position in Honeywell International by 268.6% in the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after acquiring an additional 4,082 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In related 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 transaction 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 document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HON shares. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Stock Performance

Shares of HON stock opened at $211.33 on Thursday. The business’s 50 day simple moving average is $219.17 and its 200 day simple moving average is $215.63. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market capitalization of $137.35 billion, a PE ratio of 24.26, a PEG ratio of 2.51 and a beta of 1.05. 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) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.14%. Honeywell International’s dividend 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.