Avalon Trust Co Purchases 75 Shares of Honeywell International Inc. (NASDAQ:HON)

Avalon Trust Co boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 166.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120 shares of the conglomerate’s stock after buying an additional 75 shares during the quarter. Avalon Trust Co’s holdings in Honeywell International were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA raised its holdings in shares of Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after acquiring an additional 2,611 shares in the last quarter. Coordinated Financial Services Inc. purchased a new position in Honeywell International during the 4th quarter valued at $361,000. Costello Asset Management INC bought a new position in Honeywell International in the 4th quarter worth $3,092,000. Raymond James Financial Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at about $435,786,000. Finally, Dynasty Wealth Management LLC increased its position in shares of Honeywell International by 52.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock valued at $2,559,000 after buying an additional 3,879 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’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 transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Performance

HON stock opened at $209.47 on Monday. The stock has a market capitalization of $136.14 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The stock’s 50 day simple moving average is $215.05 and its 200 day simple moving average is $216.58. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. Honeywell International’s dividend payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HON. Wells Fargo & Company cut their price objective 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. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. 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 report on Thursday, December 12th. Citigroup reduced their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $249.38.

Honeywell International 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.