Honeywell International Inc. (NASDAQ:HON) Shares Purchased by SlateStone Wealth LLC

SlateStone Wealth LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 12.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,731 shares of the conglomerate’s stock after acquiring an additional 1,924 shares during the quarter. SlateStone Wealth LLC’s holdings in Honeywell International were worth $3,718,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC grew its position in shares of Honeywell International by 4.5% in the third quarter. RFG Advisory LLC now owns 5,637 shares of the conglomerate’s stock valued at $1,041,000 after purchasing an additional 241 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in shares of Honeywell International during the third quarter valued at approximately $207,000. Community Trust & Investment Co. lifted its stake in shares of Honeywell International by 0.5% during the third quarter. Community Trust & Investment Co. now owns 100,494 shares of the conglomerate’s stock valued at $18,565,000 after buying an additional 542 shares during the period. Montecito Bank & Trust lifted its stake in shares of Honeywell International by 5.9% during the third quarter. Montecito Bank & Trust now owns 6,859 shares of the conglomerate’s stock valued at $1,267,000 after buying an additional 385 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Honeywell International by 1.8% during the third quarter. Flagship Harbor Advisors LLC now owns 8,994 shares of the conglomerate’s stock valued at $1,662,000 after buying an additional 159 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.7 %

HON stock traded down $1.32 during mid-day trading on Wednesday, hitting $194.84. 135,802 shares of the company were exchanged, compared to its average volume of 2,964,255. The company has a market capitalization of $126.88 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The firm has a fifty day simple moving average of $198.35 and a 200 day simple moving average of $196.26.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $2.52 EPS. On average, research analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Barclays increased 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 note on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average target price of $219.67.

Insider Activity

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated 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 sale, the director now directly 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 is available at the SEC website. Company insiders own 0.41% of the company’s stock.

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.