Honeywell International Inc. (NASDAQ:HON) Shares Sold by Private Trust Co. NA

Private Trust Co. NA reduced its position in Honeywell International Inc. (NASDAQ:HON) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,561 shares of the conglomerate’s stock after selling 375 shares during the period. Private Trust Co. NA’s holdings in Honeywell International were worth $2,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valmark Advisers Inc. raised its position in shares of Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after acquiring an additional 45 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after purchasing an additional 47 shares during the last quarter. Saxony Capital Management LLC lifted its position in Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after purchasing an additional 47 shares during the period. Magnus Financial Group LLC boosted its stake in shares of Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after purchasing an additional 48 shares during the last quarter. Finally, Absher Wealth Management LLC raised its stake in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after buying an additional 49 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $212.27 on Friday. The firm has a market capitalization of $137.96 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The firm’s fifty day moving average price is $218.88 and its two-hundred day moving average price is $215.61. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results 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 return on equity of 35.78% and a net margin of 14.82%. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HON. Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group upped their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Royal Bank of Canada lowered their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International 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.