Nissay Asset Management Corp Japan ADV Buys 7,333 Shares of Honeywell International Inc. (NASDAQ:HON)

Nissay Asset Management Corp Japan ADV lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,327 shares of the conglomerate’s stock after acquiring an additional 7,333 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Honeywell International were worth $33,584,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HON. Capital World Investors bought a new stake in Honeywell International during the fourth quarter valued at $1,594,216,000. Raymond James Financial Inc. bought a new stake in Honeywell International during the fourth quarter valued at $435,786,000. ING Groep NV boosted its stake in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after buying an additional 1,574,376 shares during the period. Cibc World Markets Corp boosted its stake in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after buying an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC bought a new stake in Honeywell International during the fourth quarter worth about $155,407,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HON. Wells Fargo & Company lifted their price target on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Barclays dropped their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.23.

Honeywell International Stock Down 0.5%

Shares of NASDAQ:HON opened at $218.22 on Wednesday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a market cap of $140.25 billion, a PE ratio of 25.05, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock’s 50-day moving average is $205.60 and its 200 day moving average is $215.44.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the previous year, the business earned $2.25 EPS. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.07%. Honeywell International’s dividend payout ratio is presently 51.95%.

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.