Mitsubishi UFJ Asset Management Co. Ltd. Has $299.18 Million Position in Honeywell International Inc. (NASDAQ:HON)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,321,068 shares of the conglomerate’s stock after purchasing an additional 56,442 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Honeywell International worth $299,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aviso Wealth Management grew its position in shares of Honeywell International by 1.1% in the fourth quarter. Aviso Wealth Management now owns 8,105 shares of the conglomerate’s stock valued at $1,831,000 after purchasing an additional 91 shares in the last quarter. Borer Denton & Associates Inc. lifted its position in Honeywell International by 1.6% in the fourth quarter. Borer Denton & Associates Inc. now owns 32,839 shares of the conglomerate’s stock valued at $7,418,000 after purchasing an additional 502 shares during the last quarter. Dechtman Wealth Management LLC purchased a new stake in Honeywell International during the 4th quarter valued at $215,000. Ausdal Financial Partners Inc. lifted its holdings in Honeywell International by 82.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 2,202 shares of the conglomerate’s stock worth $497,000 after buying an additional 992 shares during the period. Finally, Financial Engines Advisors L.L.C. bought a new position in Honeywell International in the 4th quarter worth $777,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, Barclays cut their price target on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $249.08.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the business’s 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. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $213.12 on Thursday. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market cap of $138.51 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The business’s fifty day moving average price is $213.62 and its two-hundred day moving average price is $216.83. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 return on equity of 35.78% and a net margin of 14.82%. On average, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) 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.