Norinchukin Bank The Increases Stake in Honeywell International Inc. (HON)

Norinchukin Bank The increased its holdings in Honeywell International Inc. (NYSE:HON) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 99,533 shares of the conglomerate’s stock after acquiring an additional 4,096 shares during the period. Norinchukin Bank The’s holdings in Honeywell International were worth $15,264,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in HON. Welch Group LLC purchased a new stake in Honeywell International during the 4th quarter valued at $100,000. Taylor Hoffman Wealth Management purchased a new stake in Honeywell International during the 4th quarter valued at $113,000. Mascoma Wealth Management LLC boosted its position in Honeywell International by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after buying an additional 428 shares during the period. Invictus RG purchased a new stake in Honeywell International during the 3rd quarter valued at $117,000. Finally, Tower Research Capital LLC TRC boosted its position in Honeywell International by 772.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the conglomerate’s stock valued at $137,000 after buying an additional 912 shares during the period. 75.30% of the stock is owned by institutional investors.

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Shares of NYSE HON opened at $144.51 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. Honeywell International Inc. has a 12 month low of $122.40 and a 12 month high of $165.13. The firm has a market capitalization of $108,671.80, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.98 and a beta of 0.98.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the business earned $1.74 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. equities research analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a $0.745 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 2.06%. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.

Honeywell International declared that its Board of Directors has initiated a stock buyback program on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have weighed in on the stock. Robert W. Baird reissued a “buy” rating and set a $187.00 price target on shares of Honeywell International in a research report on Friday, January 26th. Bank of America increased their price target on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. TheStreet cut shares of Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Cowen reissued a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus target price of $166.73.

In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the transaction, the director now directly owns 41,092 shares in the company, valued at approximately $6,425,145.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the transaction, the director now owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

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About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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