Cibc World Markets Corp Acquires 1,018,099 Shares of Honeywell International Inc. (NASDAQ:HON)

Cibc World Markets Corp raised its holdings in Honeywell International Inc. (NASDAQ:HON) by 411.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,265,358 shares of the conglomerate’s stock after purchasing an additional 1,018,099 shares during the period. Honeywell International accounts for approximately 1.7% of Cibc World Markets Corp’s portfolio, making the stock its 9th largest holding. Cibc World Markets Corp owned approximately 0.19% of Honeywell International worth $285,832,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Howard Capital Management Group LLC lifted its position in shares of Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after acquiring an additional 174 shares in the last quarter. United Bank raised its stake in Honeywell International by 2.8% in the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate’s stock valued at $1,692,000 after purchasing an additional 220 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Honeywell International in the 3rd quarter valued at about $414,000. Schear Investment Advisers LLC boosted its stake in shares of Honeywell International by 8.6% during the 3rd quarter. Schear Investment Advisers LLC now owns 6,712 shares of the conglomerate’s stock worth $1,387,000 after purchasing an additional 529 shares during the last quarter. Finally, Adero Partners LLC grew its holdings in shares of Honeywell International by 9.6% during the third quarter. Adero Partners LLC now owns 1,269 shares of the conglomerate’s stock worth $262,000 after buying an additional 111 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Up 1.3 %

Shares of HON opened at $209.47 on Monday. 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 $189.75 and a 12 month high of $242.77. The stock has a market cap of $136.14 billion, a PE ratio of 24.05, a P/E/G ratio of 2.51 and a beta of 1.08. The stock’s 50-day moving average is $215.05 and its two-hundred day moving average is $216.58.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. Honeywell International’s dividend payout ratio is currently 51.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Morgan Stanley increased their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, six 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 “Hold” and an average target price of $249.38.

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

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.