Nissay Asset Management Corp Japan ADV Purchases 7,333 Shares of Honeywell International Inc. (NASDAQ:HON)

Nissay Asset Management Corp Japan ADV increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 146,327 shares of the conglomerate's stock after purchasing an additional 7,333 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Honeywell International were worth $33,584,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital World Investors bought a new position in Honeywell International in the 4th quarter worth about $1,594,216,000. Raymond James Financial Inc. bought a new position in Honeywell International in the 4th quarter worth about $435,786,000. ING Groep NV increased its stake in Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after acquiring an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp increased its stake in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares during the last quarter. Finally, Demars Financial Group LLC bought a new position in shares of Honeywell International during the 4th quarter valued at about $155,407,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. 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 note on Wednesday, April 30th. Finally, Barclays lowered their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.23.

Honeywell International Stock Performance

Shares of HON traded up $0.59 during trading hours on Friday, hitting $222.88. The stock had a trading volume of 2,895,038 shares, compared to its average volume of 3,764,659. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market capitalization of $143.24 billion, a PE ratio of 25.59, a PEG ratio of 2.51 and a beta of 1.07. The stock has a fifty day moving average price of $206.11 and a 200 day moving average price of $215.68.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 earnings per share. Analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current 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 given a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.03%. Honeywell International's payout ratio is 51.95%.

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.