Washington Trust Advisors Inc. Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

Washington Trust Advisors Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,214 shares of the conglomerate’s stock after selling 60 shares during the period. Washington Trust Advisors Inc.’s holdings in Honeywell International were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth $31,000. TFO Wealth Partners LLC boosted its holdings in shares of Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares during the period. Fortis Capital Advisors LLC purchased a new position in Honeywell International during the 4th quarter worth $46,000. Raleigh Capital Management Inc. increased its position in 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 acquiring an additional 76 shares during the period. Finally, Impact Partnership Wealth LLC raised its stake in shares of Honeywell International by 47.6% during the third quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on HON shares. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Barclays upped their price objective on Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, Wells Fargo & Company lifted their target price on shares of 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 given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $220.89.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ:HON traded up $0.53 during midday trading on Thursday, reaching $205.66. The company had a trading volume of 1,352,106 shares, compared to its average volume of 3,045,865. The stock’s fifty day moving average price is $198.87 and its 200-day moving average price is $195.01. The stock has a market capitalization of $134.13 billion, a P/E ratio of 24.22, a PEG ratio of 2.26 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 EPS. Equities research analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.10%. Honeywell International’s dividend payout ratio is presently 51.00%.

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.