Adelphi Trust Co Buys New Shares in Honeywell International Inc. $HON

Adelphi Trust Co bought a new stake in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,208 shares of the conglomerate’s stock, valued at approximately $626,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares during the period. Acadian Asset Management LLC grew its position in shares of Honeywell International by 145.7% in the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after acquiring an additional 2,629 shares during the period. Schnieders Capital Management LLC. grew its position in shares of Honeywell International by 18.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after acquiring an additional 1,223 shares during the period. Nebula Research & Development LLC boosted its holdings in shares of Honeywell International by 3.1% during the 2nd quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate’s stock worth $1,374,000 after buying an additional 176 shares during the period. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Honeywell International by 4.4% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,488 shares of the conglomerate’s stock worth $1,045,000 after buying an additional 188 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore lifted their target price 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. Morgan Stanley lifted their target price on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Monday, January 5th. Finally, Mizuho dropped their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Thirteen research 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, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.83.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $232.19 on Thursday. The firm has a 50 day moving average of $235.12 and a 200-day moving average of $214.78. The stock has a market capitalization of $147.13 billion, a PE ratio of 29.06, a PEG ratio of 3.38 and a beta of 0.93. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12 month low of $181.25 and a 12 month high of $248.18.

Honeywell International (NASDAQ:HON) last issued 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. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given 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 presently 59.57%.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction that occurred on Friday, January 30th. The shares were 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 of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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.