Canada Pension Plan Investment Board Grows Position in Honeywell International Inc. (NASDAQ:HON)

Canada Pension Plan Investment Board grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 23.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 727,227 shares of the conglomerate’s stock after purchasing an additional 136,035 shares during the period. Canada Pension Plan Investment Board owned approximately 0.11% of Honeywell International worth $149,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HON. LGT Group Foundation purchased a new stake in shares of Honeywell International in the first quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $27,000. Cordant Inc. purchased a new stake in Honeywell International in the 4th quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. acquired a new stake in Honeywell International during the 4th quarter valued at $31,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.1 %

NASDAQ HON traded up $0.29 during trading hours on Friday, hitting $202.74. The company had a trading volume of 7,452,531 shares, compared to its average volume of 2,405,457. The firm’s 50 day moving average is $209.95 and its 200 day moving average is $202.53. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 1.28. 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 capitalization of $132.02 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.11 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 10.17 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday. Royal Bank of Canada lowered their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Barclays raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $224.50.

Insider Buying and Selling at Honeywell International

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

Honeywell International Company 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.