Mitsubishi UFJ Asset Management Co. Ltd. Buys 76,500 Shares of Honeywell International Inc. $HON

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 5.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,553,231 shares of the conglomerate’s stock after buying an additional 76,500 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Honeywell International were worth $361,815,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HON. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $26,000. Pandora Wealth Inc. purchased a new position in Honeywell International in the 1st quarter valued at approximately $33,000. RMG Wealth Management LLC bought a new stake in Honeywell International during the 2nd quarter valued at $33,000. Activest Wealth Management lifted its position in shares of Honeywell International by 425.9% during the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Finally, 1248 Management LLC bought a new position in shares of Honeywell International in the first quarter worth $38,000. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Rothschild & Co Redburn decreased their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. TD Cowen cut their price objective on shares of Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Morgan Stanley cut their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.63.

Honeywell International Trading Down 0.9%

NASDAQ HON opened at $194.07 on Friday. The firm has a market capitalization of $123.21 billion, a PE ratio of 20.45, a P/E/G ratio of 2.73 and a beta of 1.07. The stock’s 50 day moving average is $208.63 and its 200 day moving average is $218.04. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

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.