M&G Plc Buys Shares of 9,722 Honeywell International Inc. (NASDAQ:HON)

M&G Plc bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,722 shares of the conglomerate's stock, valued at approximately $1,993,000.

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A number of other large investors also recently added to or reduced their stakes in the business. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $27,000. Altshuler Shaham Ltd bought a new stake in Honeywell International during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. bought a new stake in Honeywell International during the 4th quarter worth approximately $31,000. Cordant Inc. bought a new stake in Honeywell International during the 4th quarter worth approximately $31,000. Finally, Richardson Capital Management LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON traded down $3.06 during midday trading on Friday, reaching $214.61. 2,660,590 shares of the stock were exchanged, compared to its average volume of 2,429,214. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The company has a market cap of $139.75 billion, a P/E ratio of 24.87, a PEG ratio of 2.26 and a beta of 1.04. The stock's 50 day simple moving average is $209.38 and its 200 day simple moving average is $202.33.

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Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the firm earned $2.07 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 10.19 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, May 16th. Honeywell International's payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

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Several brokerages have recently weighed in on HON. Wells Fargo & Company raised their price target on shares of Honeywell International from $205.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 10th. Daiwa America raised shares of Honeywell International to a "moderate buy" rating in a research note on Wednesday, June 5th. StockNews.com raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Barclays raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $225.63.

View Our Latest Research Report on HON

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Gregory P. Lewis sold 25,209 shares of the business's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the business's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

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.

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