Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its position in Honeywell International Inc. (NASDAQ:HON) by 120.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 768,332 shares of the conglomerate’s stock after acquiring an additional 420,485 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Honeywell International were worth $173,559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HON. One68 Global Capital LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth about $950,000. Parvin Asset Management LLC acquired a new stake in Honeywell International in the 4th quarter valued at approximately $443,000. Rehmann Capital Advisory Group boosted its stake in Honeywell International by 28.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,155 shares of the conglomerate’s stock worth $713,000 after buying an additional 702 shares in the last quarter. Becker Capital Management Inc. increased its holdings in Honeywell International by 735.0% in the 4th quarter. Becker Capital Management Inc. now owns 75,954 shares of the conglomerate’s stock valued at $17,157,000 after buying an additional 66,858 shares during the period. Finally, Utah Retirement Systems boosted its stake in shares of Honeywell International by 0.4% in the 4th quarter. Utah Retirement Systems now owns 108,096 shares of the conglomerate’s stock valued at $24,418,000 after purchasing an additional 400 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on 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 directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup reduced 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, April 14th. Morgan Stanley upped their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Barclays lowered their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $241.46.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $210.50 on Thursday. The company has a market cap of $135.41 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $205.01 and a 200 day simple moving average of $215.66. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 EPS. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, May 16th. Honeywell International’s dividend payout ratio is 51.89%.

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.