Canada Pension Plan Investment Board Has $160.71 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Canada Pension Plan Investment Board boosted its position in Honeywell International Inc. (NASDAQ:HON) by 65.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 711,432 shares of the conglomerate’s stock after buying an additional 282,329 shares during the period. Canada Pension Plan Investment Board’s holdings in Honeywell International were worth $160,705,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Hoese & Co LLP bought a new position in shares of Honeywell International during the 4th quarter worth about $30,000. Curio Wealth LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $35,000. Finally, Hopwood Financial Services Inc. bought a new stake in Honeywell International in the 4th quarter valued at about $44,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Barclays dropped their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Citigroup dropped their price target on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research report on Monday. Ten equities research 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 MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average price target of $242.15.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $196.60 on Friday. The business’s fifty day simple moving average is $206.12 and its 200 day simple moving average is $216.08. 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 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market capitalization of $126.46 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a dividend yield of 2.30%. 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 Honeywell International 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

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.