M&G Investment Management Ltd. Invests $1.68 Million in Honeywell International Inc. (NASDAQ:HON)

M&G Investment Management Ltd. purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,997 shares of the conglomerate's stock, valued at approximately $1,679,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Morton Capital Management LLC CA raised its holdings in shares of Honeywell International by 0.9% during the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate's stock worth $1,077,000 after purchasing an additional 50 shares during the period. Wayfinding Financial LLC boosted its position in Honeywell International by 3.4% during the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate's stock valued at $317,000 after purchasing an additional 50 shares during the period. Indiana Trust & Investment Management CO grew its position in Honeywell International by 0.9% in the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate's stock worth $1,167,000 after purchasing an additional 50 shares during the last quarter. River Street Advisors LLC increased its stake in shares of Honeywell International by 2.0% in the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate's stock valued at $545,000 after purchasing an additional 50 shares during the period. Finally, Triton Wealth Management PLLC boosted its position in shares of Honeywell International by 4.7% during the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate's stock worth $233,000 after buying an additional 51 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares of the company's stock, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company's stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of several research reports. Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Royal Bank of Canada reduced their price objective on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $215.71.

Honeywell International Trading Up 0.8 %

HON traded up $1.59 during midday trading on Thursday, reaching $206.65. 2,566,546 shares of the company were exchanged, compared to its average volume of 2,981,530. The stock has a market capitalization of $134.57 billion, a P/E ratio of 23.96, a PEG ratio of 2.35 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The stock's 50-day simple moving average is $197.98 and its 200 day simple moving average is $197.80. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $9.03 billion. During the same period in the prior year, the business earned $2.07 EPS. Honeywell International's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, May 16th. Honeywell International's dividend payout ratio is currently 50.06%.

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.