Spinnaker Trust Acquires 50 Shares of Honeywell International Inc. (NASDAQ:HON)

Spinnaker Trust increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,322 shares of the conglomerate’s stock after buying an additional 50 shares during the period. Spinnaker Trust’s holdings in Honeywell International were worth $2,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WealthPLAN Partners LLC bought a new position in Honeywell International in the 4th quarter valued at $212,000. PUREfi Wealth LLC bought a new position in Honeywell International in the 4th quarter valued at $629,000. Blue Trust Inc. boosted its holdings in Honeywell International by 46.8% in the 4th quarter. Blue Trust Inc. now owns 13,904 shares of the conglomerate’s stock valued at $3,141,000 after purchasing an additional 4,433 shares during the period. Roman Butler Fullerton & Co. boosted its holdings in Honeywell International by 2.8% in the 4th quarter. Roman Butler Fullerton & Co. now owns 2,117 shares of the conglomerate’s stock valued at $478,000 after purchasing an additional 57 shares during the period. Finally, Asset Planning Inc bought a new position in Honeywell International in the 4th quarter valued at $886,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on HON shares. Royal Bank of Canada cut 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 report on Friday, February 7th. Bank of America raised their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating, seven 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 “Moderate Buy” and a consensus price target of $248.71.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $202.75 on Friday. The stock has a market cap of $131.84 billion, a PE ratio of 23.28, a PEG ratio of 2.55 and a beta of 1.05. The company’s fifty day moving average is $222.77 and its 200 day moving average is $215.04. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping 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%. Research analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s payout ratio is 51.89%.

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.