Appleton Partners Inc. MA Has $2.99 Million Stock Position in Honeywell International Inc. $HON

Appleton Partners Inc. MA boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 642.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,321 shares of the conglomerate’s stock after purchasing an additional 13,258 shares during the period. Appleton Partners Inc. MA’s holdings in Honeywell International were worth $2,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First National Trust Co grew its holdings in Honeywell International by 9.4% during the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after acquiring an additional 6,803 shares during the period. Lockheed Martin Investment Management Co. acquired a new position in shares of Honeywell International in the 3rd quarter valued at $4,147,000. Federated Hermes Inc. boosted its position in shares of Honeywell International by 72.5% in the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after purchasing an additional 4,061 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Honeywell International during the second quarter worth $1,943,000. Finally, SVB Wealth LLC acquired a new stake in shares of Honeywell International during the second quarter worth $8,448,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,190 shares of company stock valued at $4,244,287 in the last three months. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Daiwa Securities Group increased their target price on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research report on Monday, January 5th. Jefferies Financial Group upped their price target on Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research report on Friday, January 16th. Finally, Royal Bank Of Canada lifted their price objective on shares of Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $251.65.

Honeywell International Stock Performance

HON stock opened at $223.01 on Tuesday. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The firm has a market cap of $141.76 billion, a PE ratio of 27.91, a P/E/G ratio of 3.20 and a beta of 0.92. The business’s 50-day moving average price is $232.63 and its two-hundred day moving average price is $212.71.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.47 earnings per share. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio is currently 59.57%.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.