BTC Capital Management Inc. Has $5.12 Million Holdings in Honeywell International Inc. $HON

BTC Capital Management Inc. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,255 shares of the conglomerate’s stock after buying an additional 4,912 shares during the quarter. BTC Capital Management Inc.’s holdings in Honeywell International were worth $5,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC grew its holdings in Honeywell International by 7.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 28,095 shares of the conglomerate’s stock valued at $5,481,000 after purchasing an additional 2,013 shares during the period. Rockland Trust Co. raised its holdings in Honeywell International by 5.8% in the fourth quarter. Rockland Trust Co. now owns 127,647 shares of the conglomerate’s stock worth $24,903,000 after purchasing an additional 6,954 shares during the period. Royal Fund Management LLC bought a new position in shares of Honeywell International during the fourth quarter worth $320,000. Silver Oak Securities Incorporated boosted its position in shares of Honeywell International by 6.9% during the fourth quarter. Silver Oak Securities Incorporated now owns 2,575 shares of the conglomerate’s stock worth $506,000 after purchasing an additional 167 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Honeywell International by 15.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 415,724 shares of the conglomerate’s stock valued at $81,432,000 after buying an additional 55,421 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Argus increased their price target on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Evercore raised their price target on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Barclays lifted their price target on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average price target of $252.54.

Insider Buying and Selling at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. The trade was a 68.71% 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 90 days. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Up 1.1%

NASDAQ:HON opened at $226.03 on Wednesday. The stock has a 50-day simple moving average of $233.69 and a 200 day simple moving average of $213.16. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The company has a market cap of $143.68 billion, a PE ratio of 28.29, a PEG ratio of 3.23 and a beta of 0.92. 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 (NASDAQ:HON) last released its 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 return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the previous year, the business posted $2.47 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

About Honeywell International

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.