Cape ANN Savings Bank Has $1.75 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Cape ANN Savings Bank reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,766 shares of the conglomerate’s stock after selling 498 shares during the quarter. Honeywell International comprises 1.0% of Cape ANN Savings Bank’s portfolio, making the stock its 23rd biggest holding. Cape ANN Savings Bank’s holdings in Honeywell International were worth $1,754,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International during the 3rd quarter valued at $25,000. Hoese & Co LLP bought a new position in shares of Honeywell International during the 4th quarter worth about $30,000. Reston Wealth Management LLC acquired a new position in shares of Honeywell International during the third quarter valued at about $29,000. Financial Avengers Inc. lifted its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 0.3 %

NASDAQ HON opened at $211.94 on Monday. The stock’s 50 day simple moving average is $220.43 and its 200 day simple moving average is $215.49. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The firm has a market cap of $137.74 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.51 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 1.01.

Honeywell International (NASDAQ:HON) last announced 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, sell-side 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s payout ratio is 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on 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 transaction, the vice president now owns 41,580 shares of the company’s stock, 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 through this link. 0.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Bank of America raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $248.71.

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.