Honeywell International Inc. (NASDAQ:HON) Shares Sold by Private Trust Co. NA

Private Trust Co. NA decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,561 shares of the conglomerate’s stock after selling 375 shares during the period. Private Trust Co. NA’s holdings in Honeywell International were worth $2,611,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International in the third quarter worth $25,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth $29,000. Hoese & Co LLP purchased a new position in shares of Honeywell International in the 4th quarter valued at about $30,000. Financial Avengers Inc. lifted its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp boosted its holdings in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada dropped their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Finally, Barclays cut their price target on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Stock Up 0.4 %

Shares of NASDAQ:HON opened at $212.27 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a market cap of $137.96 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.51 and a beta of 1.05. The stock’s 50-day moving average price is $218.88 and its two-hundred day moving average price is $215.61. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s payout ratio is 51.89%.

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.