Mizuho Securities USA LLC Acquires 19,403 Shares of Honeywell International Inc. (NASDAQ:HON)

Mizuho Securities USA LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 46.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,629 shares of the conglomerate’s stock after purchasing an additional 19,403 shares during the period. Mizuho Securities USA LLC’s holdings in Honeywell International were worth $13,921,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Honeywell International during the 4th quarter valued at $435,786,000. ING Groep NV lifted its stake in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. Wellington Management Group LLP boosted its position in Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. Cibc World Markets Corp grew its stake in Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Finally, Boston Partners raised its holdings in Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after purchasing an additional 677,213 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’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 completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HON. Royal Bank of Canada lowered their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group upped their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $249.38.

Honeywell International Stock Performance

NASDAQ HON opened at $210.12 on Friday. The firm has a market capitalization of $136.56 billion, a P/E ratio of 24.12, a PEG ratio of 2.51 and a beta of 1.08. The stock has a 50-day simple moving average of $214.02 and a two-hundred day simple moving average of $216.53. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77.

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

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

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.