Resona Asset Management Co. Ltd. Takes Position in Honeywell International Inc. (NASDAQ:HON)

Resona Asset Management Co. Ltd. purchased a new position in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 190,064 shares of the conglomerate’s stock, valued at approximately $43,029,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Honeywell International by 0.6% in the fourth 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 lifted its stake in Honeywell International by 8.4% in the 3rd 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 grew its holdings in 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 buying an additional 627,422 shares during the last quarter. Bank of New York Mellon Corp increased its position in Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after buying an additional 631,761 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Honeywell International by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate’s stock worth $881,225,000 after acquiring an additional 116,925 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on HON shares. Royal Bank of Canada dropped their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Morgan Stanley lifted 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 note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Ten investment 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 company. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $249.08.

Honeywell International Stock Performance

Shares of HON stock opened at $190.99 on Friday. The company’s fifty day simple moving average is $211.63 and its 200-day simple moving average is $217.01. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a market cap of $124.13 billion, a PE ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted 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 return on equity of 35.78% and a net margin of 14.82%. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.37%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

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 value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

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.