Avalon Trust Co Purchases 75 Shares of Honeywell International Inc. (NASDAQ:HON)

Avalon Trust Co grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 166.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120 shares of the conglomerate’s stock after acquiring an additional 75 shares during the period. Avalon Trust Co’s holdings in Honeywell International were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. one8zero8 LLC bought a new stake in Honeywell International in the 4th quarter valued at $511,000. Frank Rimerman Advisors LLC grew its position in shares of Honeywell International by 23.9% during the fourth quarter. Frank Rimerman Advisors LLC now owns 7,473 shares of the conglomerate’s stock valued at $1,688,000 after purchasing an additional 1,443 shares in the last quarter. Clearstead Trust LLC increased its holdings in shares of Honeywell International by 67.5% in the fourth quarter. Clearstead Trust LLC now owns 7,521 shares of the conglomerate’s stock worth $1,699,000 after purchasing an additional 3,032 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth about $421,000. Finally, Hills Bank & Trust Co boosted its stake in Honeywell International by 1.7% during the fourth quarter. Hills Bank & Trust Co now owns 10,587 shares of the conglomerate’s stock valued at $2,391,000 after buying an additional 172 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

HON opened at $209.47 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average of $215.05 and a 200 day moving average of $216.58. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The stock has a market cap of $136.14 billion, a P/E ratio of 24.05, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley upped their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. 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 report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $249.38.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by company 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.