Bank of Jackson Hole Trust Invests $1.48 Million in Honeywell International Inc. (NASDAQ:HON)

Bank of Jackson Hole Trust acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,535 shares of the conglomerate's stock, valued at approximately $1,476,000. Honeywell International accounts for 1.0% of Bank of Jackson Hole Trust's investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors also recently modified their holdings of HON. Valmark Advisers Inc. boosted its position 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 acquiring an additional 45 shares during the period. ZWJ Investment Counsel Inc. increased 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 grew its position in shares of Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after buying an additional 47 shares during the period. Magnus Financial Group LLC raised its holdings in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after purchasing an additional 48 shares during the period. Finally, Absher Wealth Management LLC lifted its position in Honeywell International by 2.5% in the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock valued at $413,000 after acquiring an additional 49 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Robert W. Baird downgraded shares of Honeywell International from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Jefferies Financial Group increased their price objective 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. UBS Group reissued a "buy" rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Royal Bank of Canada dropped their target price on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Finally, Barclays dropped their price target on Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $248.71.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $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 accessible through this link. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Up 0.3 %

NASDAQ:HON traded up $0.59 during mid-day trading on Friday, hitting $211.94. 6,221,796 shares of the company's stock traded hands, compared to its average volume of 4,177,537. The company has a fifty day moving average of $220.74 and a 200 day moving average of $215.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a market capitalization of $137.74 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.50 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data 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 forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is 51.89%.

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.