Honeywell International Inc. $HON Shares Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,645 shares of the conglomerate’s stock after purchasing an additional 8,775 shares during the period. Chesley Taft & Associates LLC’s holdings in Honeywell International were worth $19,440,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Holos Integrated Wealth LLC purchased a new position in Honeywell International in the 4th quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC increased its position in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Honeywell International during the third quarter worth about $31,000. Howard Hughes Medical Institute acquired a new position in shares of Honeywell International in the second quarter worth about $33,000. Finally, Cedar Mountain Advisors LLC lifted its stake in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 84 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares in the company, 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 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup raised their price objective on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 30th. The Goldman Sachs Group increased their target price on Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Rothschild & Co Redburn raised their price target on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research note on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.54.

Read Our Latest Report on HON

Honeywell International Stock Down 0.9%

Shares of NASDAQ:HON opened at $223.12 on Friday. The company’s fifty day moving average is $233.39 and its two-hundred day moving average is $212.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18. The stock has a market capitalization of $141.83 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the business posted $2.47 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

About Honeywell International

(Free Report)

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.

Further Reading

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

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