Blue Trust Inc. Has $3.14 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Blue Trust Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 46.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,904 shares of the conglomerate's stock after purchasing an additional 4,433 shares during the quarter. Blue Trust Inc.'s holdings in Honeywell International were worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baldwin Wealth Partners LLC MA raised its position in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after purchasing an additional 2,611 shares during the period. Costello Asset Management INC bought a new position in Honeywell International in the 4th quarter worth approximately $3,092,000. RIA Advisory Group LLC bought a new position in Honeywell International in the 3rd quarter worth approximately $6,124,000. Copley Financial Group Inc. bought a new position in Honeywell International in the 3rd quarter worth approximately $454,000. Finally, Sargent Investment Group LLC grew its holdings in Honeywell International by 268.6% in the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate's stock worth $1,227,000 after buying an additional 4,082 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their price target on 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. Baird R W lowered Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and increased their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $248.71.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction 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 completion of the sale, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $5.29 on Tuesday, reaching $208.04. 4,896,669 shares of the company traded hands, compared to its average volume of 4,100,424. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company's 50 day moving average is $221.86 and its 200-day moving average is $215.20. The stock has a market capitalization of $135.28 billion, a PE ratio of 23.89, a P/E/G ratio of 2.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. Honeywell International's dividend payout ratio (DPR) is presently 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.