Rockland Trust Co. Increases Stake in Honeywell International Inc. $HON

Rockland Trust Co. lifted its position in Honeywell International Inc. (NASDAQ:HON) by 5.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 127,647 shares of the conglomerate’s stock after buying an additional 6,954 shares during the period. Rockland Trust Co.’s holdings in Honeywell International were worth $24,903,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. First National Trust Co lifted its position in shares of Honeywell International by 9.4% in the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after purchasing an additional 6,803 shares during the period. Lockheed Martin Investment Management Co. purchased a new position in Honeywell International during the third quarter valued at approximately $4,147,000. Federated Hermes Inc. increased its holdings in Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after buying an additional 4,061 shares during the period. SVB Wealth LLC bought a new position in Honeywell International in the second quarter worth approximately $8,448,000. Finally, Envestnet Asset Management Inc. raised its stake in Honeywell International by 30.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,104,239 shares of the conglomerate’s stock worth $232,442,000 after buying an additional 259,520 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the company’s 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 transaction, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This represents a 7.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This represents a 68.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,190 shares of company stock worth $4,244,287 in the last 90 days. 0.41% of the stock is currently owned by company insiders.

Honeywell International Trading Up 1.1%

Honeywell International stock opened at $226.03 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a market cap of $143.68 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92. The stock has a 50-day moving average of $233.69 and a two-hundred day moving average of $213.16. Honeywell International Inc. has a one year low of $169.21 and a one year high of $248.18.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on HON. Daiwa Securities Group increased their target price on Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Sanford C. Bernstein set a $255.00 price target on Honeywell International in a research report on Friday, January 16th. BNP Paribas Exane upped their price objective on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Citigroup raised their price objective on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.54.

Honeywell International Company 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.