Mizuho Securities USA LLC Acquires 19,403 Shares of Honeywell International Inc. (NASDAQ:HON)

Mizuho Securities USA LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 46.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 61,629 shares of the conglomerate’s stock after purchasing an additional 19,403 shares during the period. Mizuho Securities USA LLC’s holdings in Honeywell International were worth $13,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HON. Mainstream Capital Management LLC bought a new position in shares of Honeywell International during the fourth quarter valued at $25,000. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the 3rd quarter valued at about $25,000. Avalon Trust Co raised its holdings in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter worth approximately $30,000. Finally, Financial Avengers Inc. grew its holdings in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HON shares. 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 report on Tuesday, February 11th. Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada reduced their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Jefferies Financial Group upped their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $249.38.

Honeywell International Price Performance

HON stock opened at $210.12 on Friday. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The firm has a market capitalization of $136.56 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a fifty day simple moving average of $214.02 and a two-hundred day simple moving average of $216.53. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. Honeywell International’s dividend payout ratio is currently 51.89%.

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.