Canada Post Corp Registered Pension Plan Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Canada Post Corp Registered Pension Plan acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,504 shares of the conglomerate's stock, valued at approximately $2,373,000.

Several other hedge funds have also recently added to or reduced their stakes in HON. Baldwin Wealth Partners LLC MA increased its position in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after buying an additional 2,611 shares in the last quarter. World Investment Advisors increased its holdings in shares of Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. bought a new stake in shares of Honeywell International in the fourth quarter worth about $361,000. Costello Asset Management INC bought a new position in shares of Honeywell International during the 4th quarter valued at about $3,092,000. Finally, Schroder Investment Management Group lifted its holdings in shares of Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after purchasing an additional 10,092 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Up 1.7 %

Shares of Honeywell International stock traded up $3.32 on Friday, hitting $196.60. The stock had a trading volume of 3,215,553 shares, compared to its average volume of 3,643,950. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market capitalization of $126.46 billion, a P/E ratio of 22.57, a PEG ratio of 2.51 and a beta of 1.01. The stock has a 50 day moving average of $205.92 and a 200 day moving average of $216.20.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results 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 net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given 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 currently 51.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HON shares. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup lowered 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 note on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $242.15.

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were 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 of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

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.