Tokio Marine Asset Management Co. Ltd. Has $3.50 Million Position in Honeywell International Inc. (NASDAQ:HON)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,927 shares of the conglomerate’s stock after buying an additional 1,198 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Honeywell International were worth $3,499,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC boosted its holdings in Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after acquiring an additional 14,271 shares during the last quarter. SteelPeak Wealth LLC boosted its stake in shares of Honeywell International by 255.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Honeywell International by 24.5% during the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after buying an additional 5,750 shares during the period. Asset Management One Co. Ltd. raised its stake in Honeywell International by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock worth $71,619,000 after buying an additional 8,687 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Honeywell International by 3.7% in the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock valued at $164,836,000 after buying an additional 28,812 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

HON has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their target price on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Trading Up 0.3 %

NASDAQ:HON traded up $0.75 during midday trading on Thursday, hitting $233.82. 367,231 shares of the company traded hands, compared to its average volume of 3,084,602. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm’s fifty day moving average is $210.22 and its 200-day moving average is $207.34. The firm has a market capitalization of $152.04 billion, a P/E ratio of 26.91, a P/E/G ratio of 2.78 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $188.78 and a 12-month high of $242.77.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.93%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is 49.88%.

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.