Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 408,464 shares of the conglomerate’s stock after selling 22,996 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Honeywell International worth $83,829,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new position in shares of Honeywell International in the 4th quarter worth $27,000. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International during the 4th quarter worth about $27,000. Rakuten Securities Inc. bought a new position in Honeywell International during the 4th quarter valued at about $31,000. Cordant Inc. purchased a new stake in Honeywell International in the 4th quarter worth about $31,000. Finally, Richardson Capital Management LLC purchased a new position in shares of Honeywell International during the first quarter valued at approximately $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 1.4 %

Shares of HON stock traded down $3.06 during trading hours on Friday, reaching $214.61. 2,660,590 shares of the company’s stock were exchanged, compared to its average volume of 2,429,214. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock’s 50 day moving average is $209.38 and its 200-day moving average is $202.28. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The company has a market cap of $139.75 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 2.23 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $2.07 EPS. Analysts predict that Honeywell International Inc. will post 10.19 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, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell International’s payout ratio is 50.06%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Citigroup raised their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $225.63.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

About Honeywell International

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.