Eastern Bank Has $5.13 Million Stake in Honeywell International Inc. $HON

Eastern Bank lowered its stake in Honeywell International Inc. (NASDAQ:HONFree Report) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,284 shares of the conglomerate’s stock after selling 2,881 shares during the period. Eastern Bank’s holdings in Honeywell International were worth $5,128,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Holos Integrated Wealth LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $25,000. Barnes Dennig Private Wealth Management LLC lifted its position 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 worth $30,000 after acquiring an additional 118 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Honeywell International during the third quarter valued at about $31,000. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International in the second quarter valued at about $33,000. Finally, Cedar Mountain Advisors LLC increased 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 purchasing an additional 84 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $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 have sold 18,190 shares of company stock worth $4,244,287 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Key Headlines Impacting Honeywell International

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

Analyst Ratings Changes

A number of research firms have issued reports on HON. Argus raised their target price on Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Jefferies Financial Group boosted their price target on Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company upped their price target on Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $252.54.

Read Our Latest Stock Analysis on HON

Honeywell International Stock Performance

NASDAQ HON opened at $223.12 on Friday. The firm has a market cap of $141.83 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 3.23 and a beta of 0.92. The company has a 50 day moving average of $233.39 and a 200-day moving average of $212.99. 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 1-year low of $169.21 and a 1-year high of $248.18.

Honeywell International (NASDAQ:HONGet Free Report) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed 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 of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. Honeywell International’s payout ratio is currently 59.57%.

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.

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

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