Baxter Bros Inc. Buys 252 Shares of Honeywell International Inc. (NASDAQ:HON)

Baxter Bros Inc. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,537 shares of the conglomerate’s stock after acquiring an additional 252 shares during the period. Honeywell International accounts for about 1.1% of Baxter Bros Inc.’s investment portfolio, making the stock its 25th largest position. Baxter Bros Inc.’s holdings in Honeywell International were worth $7,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ARS Wealth Advisors Group LLC raised its stake in Honeywell International by 4.5% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 72,444 shares of the conglomerate’s stock valued at $15,192,000 after purchasing an additional 3,130 shares during the period. Provence Wealth Management Group lifted its holdings in shares of Honeywell International by 24,300.0% in the fourth quarter. Provence Wealth Management Group now owns 1,220 shares of the conglomerate’s stock worth $256,000 after buying an additional 1,215 shares in the last quarter. Sapient Capital LLC bought a new position in shares of Honeywell International during the fourth quarter worth $1,232,000. Axxcess Wealth Management LLC grew its stake in Honeywell International by 74.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 29,474 shares of the conglomerate’s stock valued at $6,181,000 after acquiring an additional 12,604 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Honeywell International by 1.3% in the 4th quarter. M&T Bank Corp now owns 306,346 shares of the conglomerate’s stock valued at $64,244,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on HON shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays upped their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $215.71.

Insider Transactions at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 1.1 %

HON traded up $2.17 during trading on Friday, reaching $195.81. The company had a trading volume of 2,251,381 shares, compared to its average volume of 2,992,784. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The business has a 50 day simple moving average of $197.66 and a 200-day simple moving average of $196.58. The stock has a market cap of $127.51 billion, a P/E ratio of 22.69, a PEG ratio of 2.26 and a beta of 1.02. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $2.07 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

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.