Whittier Trust Co. of Nevada Inc. Raises Position in Honeywell International Inc. (NASDAQ:HON)

Whittier Trust Co. of Nevada Inc. raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,086 shares of the conglomerate's stock after buying an additional 3,882 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Honeywell International were worth $26,674,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on HON. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Citigroup reduced their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company cut their price target on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research note on Wednesday, December 11th. Finally, Barclays decreased their price target on Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of "Hold" and an average price target of $249.38.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Price Performance

HON traded up $0.27 during trading on Tuesday, reaching $212.12. 3,810,255 shares of the company were exchanged, compared to its average volume of 3,229,621. The company's 50-day moving average is $213.88 and its two-hundred day moving average is $216.75. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a market cap of $137.86 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was 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.