OMERS ADMINISTRATION Corp Purchases Shares of 4,664 Honeywell International Inc. (NASDAQ:HON)

OMERS ADMINISTRATION Corp bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,664 shares of the conglomerate's stock, valued at approximately $1,054,000.

Several other hedge funds also recently made changes to their positions in the business. Mainstream Capital Management LLC bought a new position in shares of Honeywell International in the fourth quarter valued at $25,000. Avalon Trust Co grew its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter valued at $30,000. Accredited Wealth Management LLC acquired a new stake in Honeywell International during the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in Honeywell International during the 4th quarter valued at $35,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Honeywell International stock traded up $0.12 during midday trading on Tuesday, reaching $225.06. The company's stock had a trading volume of 3,333,518 shares, compared to its average volume of 3,767,516. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $206.48 and a 200-day moving average price of $215.94. The stock has a market cap 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.

Honeywell International (NASDAQ:HON - Get Free Report) last released 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. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 earnings per share. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HON shares. Royal Bank of Canada raised their price target on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Citigroup dropped their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley upped 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $245.23.

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.