Essex Savings Bank Purchases 538 Shares of Honeywell International Inc. (NASDAQ:HON)

Essex Savings Bank raised its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,884 shares of the conglomerate’s stock after acquiring an additional 538 shares during the period. Essex Savings Bank’s holdings in Honeywell International were worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HON. True Wealth Design LLC purchased a new stake in Honeywell International in the fourth quarter worth about $31,000. TFO Wealth Partners LLC lifted its stake in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 114 shares during the period. Fortis Capital Advisors LLC purchased a new stake in Honeywell International in the fourth quarter worth about $46,000. Raleigh Capital Management Inc. lifted its stake in Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 76 shares during the period. Finally, Impact Partnership Wealth LLC lifted its stake in Honeywell International by 47.6% in the third quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock worth $50,000 after acquiring an additional 88 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $3.01 during trading on Monday, hitting $202.24. 728,905 shares of the stock traded hands, compared to its average volume of 3,045,444. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The company has a market cap of $131.90 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.31 and a beta of 1.02. The company has a fifty day moving average price of $199.21 and a two-hundred day moving average price of $195.36. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last posted its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period in the previous year, the firm earned $2.52 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.14%. Honeywell International’s dividend payout ratio is currently 51.00%.

Wall Street Analyst Weigh In

Several analysts have commented on HON shares. Barclays increased their price target on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada decreased their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Finally, Wells Fargo & Company increased their price target on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $220.89.

Check Out Our Latest Stock Report on HON

Honeywell International Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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