Rakuten Securities Inc. Takes $31,000 Position in Honeywell International Inc. (NASDAQ:HON)

Rakuten Securities Inc. purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 147 shares of the conglomerate’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently made changes to their positions in the company. Slow Capital Inc. grew its holdings in shares of Honeywell International by 1.1% during the fourth quarter. Slow Capital Inc. now owns 34,891 shares of the conglomerate’s stock valued at $7,317,000 after buying an additional 370 shares during the last quarter. Sfmg LLC lifted its position in Honeywell International by 1.2% during the fourth quarter. Sfmg LLC now owns 23,919 shares of the conglomerate’s stock valued at $5,016,000 after purchasing an additional 274 shares during the period. Tyche Wealth Partners LLC bought a new position in Honeywell International during the fourth quarter valued at approximately $1,111,000. Arbor Trust Wealth Advisors LLC lifted its position in Honeywell International by 18.4% during the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 3,900 shares of the conglomerate’s stock valued at $818,000 after purchasing an additional 607 shares during the period. Finally, Allen Capital Group LLC lifted its position in Honeywell International by 17.7% during the fourth quarter. Allen Capital Group LLC now owns 1,371 shares of the conglomerate’s stock valued at $288,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of a number of research analyst reports. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $219.67.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.4 %

HON opened at $191.08 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a market capitalization of $124.43 billion, a PE ratio of 22.56, a PEG ratio of 2.18 and a beta of 1.02. The firm’s 50 day simple moving average is $198.36 and its two-hundred day simple moving average is $195.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the firm earned $2.52 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.26%. Honeywell International’s payout ratio is 51.00%.

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.