Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 346,021 shares of the conglomerate's stock after purchasing an additional 19,010 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Honeywell International worth $78,163,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HON. Mainstream Capital Management LLC acquired a new stake in Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co boosted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $34,000. Finally, Curio Wealth LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Up 0.3%

HON stock traded up $0.58 during midday trading on Thursday, hitting $225.19. 6,701,841 shares of the company's stock were exchanged, compared to its average volume of 3,800,600. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business has a 50-day simple moving average of $208.47 and a two-hundred day simple moving average of $216.38. The stock has a market capitalization of $144.73 billion, a PE ratio of 25.85, a P/E/G ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company raised their target price on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Citigroup decreased their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.57.

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.