Florida Trust Wealth Management Co Reduces Position in Honeywell International Inc. $HON

Florida Trust Wealth Management Co reduced its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,599 shares of the conglomerate’s stock after selling 2,267 shares during the period. Florida Trust Wealth Management Co’s holdings in Honeywell International were worth $22,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Kelleher Financial Advisors raised its holdings in Honeywell International by 2.9% in the 4th quarter. Kelleher Financial Advisors now owns 1,821 shares of the conglomerate’s stock valued at $355,000 after acquiring an additional 52 shares during the last quarter. Meridian Investment Counsel Inc. increased its holdings in shares of Honeywell International by 0.5% in the fourth quarter. Meridian Investment Counsel Inc. now owns 9,175 shares of the conglomerate’s stock valued at $1,790,000 after purchasing an additional 50 shares during the last quarter. Westwood Wealth Management purchased a new position in Honeywell International during the fourth quarter worth approximately $246,000. Invesco LLC boosted its stake in Honeywell International by 0.6% during the fourth quarter. Invesco LLC now owns 9,385 shares of the conglomerate’s stock worth $1,831,000 after buying an additional 59 shares during the last quarter. Finally, eCIO Inc. acquired a new stake in shares of Honeywell International in the 4th quarter worth $234,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction on 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 sale, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HON. Barclays lowered their price target on shares of Honeywell International from $275.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research note on Monday, January 5th. Evercore raised their price target on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Citigroup increased their price objective on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Wall Street Zen upgraded Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.83.

Check Out Our Latest Research Report on Honeywell International

Honeywell International Stock Performance

NASDAQ HON opened at $229.45 on Friday. The company has a market cap of $145.86 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.32 and a beta of 0.93. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The stock has a 50-day moving average of $234.17 and a two-hundred day moving average of $213.52. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18.

Honeywell International (NASDAQ:HONGet Free Report) last issued 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. 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 for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the company earned $2.47 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

Honeywell International News Roundup

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Honeywell International Profile

(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.

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

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