MIG Capital LLC Acquires New Stake in Honeywell International Inc. (NASDAQ:HON)

MIG Capital LLC bought a new position in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,477 shares of the conglomerate’s stock, valued at approximately $334,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Honeywell International during the fourth quarter valued at $435,786,000. ING Groep NV lifted its position in shares of Honeywell International by 884.0% during the 4th 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 in the last quarter. Cibc World Markets Corp grew its stake in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after acquiring an additional 1,018,099 shares during the period. Boston Partners increased its holdings in Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after acquiring an additional 677,213 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in Honeywell International by 320.5% during the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock worth $193,890,000 after acquiring an additional 654,207 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HON shares. Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Barclays cut their target price on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, Citigroup dropped their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. 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, the company has a consensus rating of “Hold” and an average price target of $249.08.

Honeywell International Trading Down 7.6 %

Shares of NASDAQ HON opened at $190.99 on Friday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. 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 business’s 50 day moving average is $211.63 and its two-hundred day moving average is $217.10. The stock has a market capitalization of $124.13 billion, a P/E ratio of 21.93, a PEG ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.37%. Honeywell International’s dividend payout ratio is presently 51.89%.

Insider Buying and Selling

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 transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

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.