Canada Post Corp Registered Pension Plan Purchases Shares of 10,504 Honeywell International Inc. (NASDAQ:HON)

Canada Post Corp Registered Pension Plan purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,504 shares of the conglomerate’s stock, valued at approximately $2,373,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in Honeywell International during the fourth quarter worth $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the fourth quarter worth about $30,000. Curio Wealth LLC purchased a new position in Honeywell International in the 4th quarter valued at approximately $35,000. Finally, Hopwood Financial Services Inc. acquired a new position in Honeywell International during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $200.25 on Tuesday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market capitalization of $130.15 billion, a PE ratio of 22.99, a PEG ratio of 2.51 and a beta of 1.01. The company’s 50 day moving average price is $206.83 and its 200 day moving average price is $216.43.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Royal Bank of Canada decreased their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $242.15.

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.