Honeywell International Inc. $HON Shares Purchased by Country Trust Bank

Country Trust Bank boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 192,399 shares of the conglomerate’s stock after acquiring an additional 23,875 shares during the period. Country Trust Bank’s holdings in Honeywell International were worth $37,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new stake in Honeywell International during the 4th quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Honeywell International during the 3rd quarter valued at $31,000. Howard Hughes Medical Institute acquired a new stake in Honeywell International during the 2nd quarter valued at $33,000. Finally, Cedar Mountain Advisors LLC grew its holdings in Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,190 shares of company stock worth $4,244,287 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HON. Wolfe Research increased their target price on Honeywell International from $293.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Morgan Stanley increased their target price on Honeywell International from $235.00 to $245.00 and gave the company an “equal weight” rating in a report on Thursday, March 12th. Daiwa Securities Group raised their price target on shares of Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Wells Fargo & Company raised their price target on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, 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 note on Monday, February 2nd. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $251.83.

Honeywell International Price Performance

HON stock opened at $228.21 on Tuesday. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The stock’s fifty day simple moving average is $234.31 and its 200-day simple moving average is $213.66. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $145.07 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the firm earned $2.47 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Equities research analysts expect 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. Investors of record on Friday, February 27th were given a $1.19 dividend. 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 (DPR) is currently 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.