Ballentine Partners LLC Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Ballentine Partners LLC raised its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,101 shares of the conglomerate’s stock after buying an additional 572 shares during the quarter. Ballentine Partners LLC’s holdings in Honeywell International were worth $4,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WoodTrust Financial Corp lifted its stake in Honeywell International by 1.8% in the fourth quarter. WoodTrust Financial Corp now owns 24,354 shares of the conglomerate’s stock valued at $5,107,000 after buying an additional 423 shares during the last quarter. Trust Point Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth approximately $3,085,000. Bridges Investment Management Inc. raised its stake in shares of Honeywell International by 3.5% during the fourth quarter. Bridges Investment Management Inc. now owns 25,116 shares of the conglomerate’s stock worth $5,267,000 after purchasing an additional 850 shares during the last quarter. Howland Capital Management LLC raised its stake in shares of Honeywell International by 22.7% during the fourth quarter. Howland Capital Management LLC now owns 2,323 shares of the conglomerate’s stock worth $487,000 after purchasing an additional 429 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Honeywell International by 3.1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,897 shares of the conglomerate’s stock worth $608,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON traded down $2.26 during trading hours on Wednesday, hitting $197.97. The company’s stock had a trading volume of 2,493,460 shares, compared to its average volume of 3,054,493. The business’s 50-day moving average is $199.18 and its two-hundred day moving average is $195.47. The company has a market capitalization of $129.11 billion, a PE ratio of 23.64, a PEG ratio of 2.27 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.52 earnings per share. As a group, research analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday. Royal Bank of Canada cut their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Finally, Wells Fargo & Company upped their price target on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $221.11.

Get Our Latest Analysis on Honeywell International

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by corporate insiders.

About Honeywell International

(Free Report)

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

Recommended Stories

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HONFree Report).

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

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.