Cigna Investments Inc. New grew its position in Honeywell International Inc. (NYSE:HON) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,178 shares of the conglomerate’s stock after purchasing an additional 1,230 shares during the quarter. Cigna Investments Inc. New’s holdings in Honeywell International were worth $2,700,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in HON. Capital World Investors raised its holdings in shares of Honeywell International by 58.3% in the 4th quarter. Capital World Investors now owns 19,100,608 shares of the conglomerate’s stock valued at $3,380,808,000 after purchasing an additional 7,032,228 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Honeywell International by 34.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,862,901 shares of the conglomerate’s stock worth $516,818,000 after acquiring an additional 986,782 shares in the last quarter. State Street Corp raised its stake in Honeywell International by 2.4% during the 4th quarter. State Street Corp now owns 29,784,808 shares of the conglomerate’s stock worth $5,271,911,000 after acquiring an additional 699,644 shares in the last quarter. Standard Life Aberdeen plc raised its stake in Honeywell International by 110.6% during the 4th quarter. Standard Life Aberdeen plc now owns 1,203,184 shares of the conglomerate’s stock worth $212,964,000 after acquiring an additional 631,916 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Honeywell International by 17.4% during the 4th quarter. Janus Henderson Group PLC now owns 3,721,794 shares of the conglomerate’s stock worth $658,756,000 after acquiring an additional 551,364 shares in the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.
HON stock traded up $1.49 during trading on Friday, reaching $139.18. 2,957,908 shares of the company were exchanged, compared to its average volume of 3,733,469. The company has a market cap of $96.64 billion, a P/E ratio of 16.00, a PEG ratio of 2.67 and a beta of 1.04. Honeywell International Inc. has a 52-week low of $101.08 and a 52-week high of $184.06. The stock’s 50 day moving average price is $135.07 and its 200 day moving average price is $161.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.30.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, May 14th. Honeywell International’s payout ratio is currently 44.12%.
HON has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Deutsche Bank lowered shares of Honeywell International from a “buy” rating to a “hold” rating and cut their price target for the stock from $165.00 to $149.00 in a research note on Monday, May 4th. Daiwa Capital Markets upgraded shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 price objective on the stock in a research note on Sunday, March 22nd. Oppenheimer restated a “hold” rating on shares of Honeywell International in a research note on Friday, May 1st. Finally, William Blair restated a “market perform” rating on shares of Honeywell International in a research note on Monday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and an average target price of $156.47.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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