Argent Trust Co Buys 2,964 Shares of Honeywell International Inc. (NASDAQ:HON)

Argent Trust Co raised its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,243 shares of the conglomerate's stock after purchasing an additional 2,964 shares during the quarter. Honeywell International accounts for about 0.9% of Argent Trust Co's investment portfolio, making the stock its 24th largest position. Argent Trust Co's holdings in Honeywell International were worth $22,644,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Valmark Advisers Inc. increased its stake in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC boosted its stake in Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after purchasing an additional 47 shares during the period. Magnus Financial Group LLC raised its stake in shares of Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after purchasing an additional 48 shares during the period. Finally, Bill Few Associates Inc. lifted its holdings in shares of Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after purchasing an additional 49 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. Jefferies Financial Group boosted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research report on Tuesday, December 17th. Barclays reduced their price target on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. 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 report on Friday, February 7th. Ten 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.com, the stock presently has an average rating of "Hold" and an average target price of $242.15.

Honeywell International Price Performance

NASDAQ:HON traded down $0.58 during trading hours on Tuesday, hitting $199.67. The company's stock had a trading volume of 1,187,228 shares, compared to its average volume of 3,620,401. The company has a market capitalization of $129.77 billion, a P/E ratio of 22.92, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The stock has a fifty day simple moving average of $206.83 and a 200-day simple moving average of $216.43.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.26%. Honeywell International's dividend payout ratio is presently 51.89%.

Insider Buying and Selling at Honeywell International

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

About Honeywell International

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.