Mufg Securities Americas Inc. Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Mufg Securities Americas Inc. purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,600 shares of the conglomerate's stock, valued at approximately $2,169,000.

Other large investors have also bought and sold shares of the company. Baldwin Wealth Partners LLC MA lifted its stake 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 purchasing an additional 2,611 shares during the period. World Investment Advisors increased its stake in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after purchasing an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. bought a new stake in Honeywell International in the fourth quarter valued at approximately $361,000. Costello Asset Management INC bought a new stake in Honeywell International in the fourth quarter valued at approximately $3,092,000. Finally, Schroder Investment Management Group increased its stake in Honeywell International by 12.7% in the fourth 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. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.7%

Shares of NASDAQ HON traded up $1.62 during midday trading on Monday, reaching $224.50. The stock had a trading volume of 996,935 shares, compared to its average volume of 3,759,913. The firm has a market cap of $144.28 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. 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 company's 50 day moving average price is $206.11 and its 200 day moving average price is $215.83.

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

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date 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 presently 51.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HON. Citigroup lowered their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley increased their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $245.23.

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.