Toronto Dominion Bank Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

Toronto Dominion Bank boosted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,021 shares of the conglomerate's stock after purchasing an additional 19,010 shares during the period. Toronto Dominion Bank owned about 0.05% of Honeywell International worth $78,163,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HON. Assenagon Asset Management S.A. grew its position in shares of Honeywell International by 2.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,358 shares of the conglomerate's stock valued at $4,373,000 after purchasing an additional 466 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Honeywell International by 50.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 8,759 shares of the conglomerate's stock valued at $1,978,000 after acquiring an additional 2,930 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Honeywell International by 10.7% during the 4th quarter. Merit Financial Group LLC now owns 45,096 shares of the conglomerate's stock valued at $10,187,000 after purchasing an additional 4,355 shares in the last quarter. Sax Wealth Advisors LLC raised its stake in Honeywell International by 74.7% in the fourth quarter. Sax Wealth Advisors LLC now owns 2,556 shares of the conglomerate's stock worth $577,000 after buying an additional 1,093 shares in the last quarter. Finally, Albert D Mason Inc. raised its stake in Honeywell International by 0.7% in the fourth quarter. Albert D Mason Inc. now owns 7,967 shares of the conglomerate's stock worth $1,800,000 after buying an additional 55 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company raised 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 report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday. Citigroup lowered their target price 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. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $245.23.

Honeywell International Trading Up 0.1%

HON stock traded up $0.12 during mid-day trading on Tuesday, reaching $225.06. The company had a trading volume of 3,333,518 shares, compared to its average volume of 3,774,553. 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 company has a market capitalization of $144.64 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The firm has a 50 day moving average of $206.85 and a 200 day moving average of $216.00. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the prior year, the company earned $2.25 EPS. The company's revenue was up 7.9% compared to the same quarter last year. On average, equities 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell International's payout ratio is currently 51.95%.

Honeywell International Company 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.