Honeywell International Inc. (NASDAQ:HON) Shares Bought by Ledyard National Bank

Ledyard National Bank lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,465 shares of the conglomerate’s stock after acquiring an additional 1,888 shares during the period. Ledyard National Bank’s holdings in Honeywell International were worth $8,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cordant Inc. acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $31,000. Rakuten Securities Inc. purchased a new position in Honeywell International in the fourth quarter valued at about $31,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the 4th quarter valued at approximately $37,000. TFO Wealth Partners LLC increased its holdings in Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on HON shares. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus target price of $215.71.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.32 on Monday, reaching $193.77. 2,593,461 shares of the company were exchanged, compared to its average volume of 3,013,757. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The firm has a market cap of $126.18 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The company’s 50-day moving average is $198.11 and its two-hundred day moving average is $196.47.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.23%. Honeywell International’s payout ratio is 50.06%.

Honeywell International Company Profile

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.