Tokio Marine Asset Management Co. Ltd. Acquires 1,543 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Honeywell International Inc. by 8.7%, now holding 19,297 shares valued at $4,086,000.
• Analyst ratings show a mixed sentiment for Honeywell, with price targets ranging from $217.00 to $265.00, and an overall rating of "Moderate Buy."
• Honeywell declared a quarterly dividend of $1.13 per share, with a payout ratio of 51.42% and a dividend yield of 2.1%.

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,297 shares of the conglomerate's stock after buying an additional 1,543 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Honeywell International were worth $4,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HON. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the fourth quarter worth $29,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International during the 1st quarter valued at $33,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $34,000. Alexis Investment Partners LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $37,000. Finally, Banque de Luxembourg S.A. acquired a new position in shares of Honeywell International in the 4th quarter valued at $38,000. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on HON. JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Royal Bank Of Canada lowered their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley increased their target price on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Up 1.3%

Shares of NASDAQ HON opened at $219.74 on Thursday. The company has a 50 day simple moving average of $228.13 and a 200-day simple moving average of $216.83. The company has a market capitalization of $139.51 billion, a P/E ratio of 25.00, a P/E/G ratio of 2.45 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter last year, the firm earned $2.49 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's payout ratio is 51.42%.

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.

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