Heritage Trust Co Buys Shares of 14,033 Honeywell International Inc. (NASDAQ:HON)

Heritage Trust Co acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,033 shares of the conglomerate's stock, valued at approximately $3,170,000.

Other hedge funds also recently bought and sold shares of the company. Tandem Wealth Advisors LLC boosted its stake in shares of Honeywell International by 6.9% in the fourth quarter. Tandem Wealth Advisors LLC now owns 1,329 shares of the conglomerate's stock valued at $300,000 after purchasing an additional 86 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in Honeywell International by 3.0% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,408 shares of the conglomerate's stock worth $996,000 after purchasing an additional 127 shares in the last quarter. Harbert Fund Advisors Inc. purchased a new stake in Honeywell International during the 4th quarter worth about $1,581,000. Covestor Ltd raised its position in Honeywell International by 17.7% in the 4th quarter. Covestor Ltd now owns 511 shares of the conglomerate's stock valued at $116,000 after purchasing an additional 77 shares in the last quarter. Finally, Argent Trust Co grew its position in shares of Honeywell International by 3.0% during the fourth quarter. Argent Trust Co now owns 100,243 shares of the conglomerate's stock worth $22,644,000 after buying an additional 2,964 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 2.0 %

Shares of HON stock traded down $3.97 during mid-day trading on Wednesday, hitting $194.84. 1,473,707 shares of the company's stock were exchanged, compared to its average volume of 3,621,110. The stock has a market cap of $125.33 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.51 and a beta of 1.01. The stock has a 50-day simple moving average of $206.61 and a two-hundred day simple moving average of $216.31. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

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Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HON. Wells Fargo & Company decreased their price target on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Morgan Stanley upped their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Royal Bank of Canada reduced their price target on shares of 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. JPMorgan Chase & Co. reduced their target price on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Barclays reduced their price objective on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Ten investment 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 stock. According to MarketBeat, Honeywell International currently has an average rating of "Hold" and a consensus target price of $242.15.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

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.