Quintet Private Bank Europe S.A. Purchases 6,350 Shares of Honeywell International Inc. $HON

Quintet Private Bank Europe S.A. lifted its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,820 shares of the conglomerate’s stock after acquiring an additional 6,350 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Honeywell International were worth $6,403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC raised its position in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Honeywell International during the 3rd quarter worth about $31,000. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $33,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after buying an additional 84 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent analyst reports. BMO Capital Markets began coverage on Honeywell International in a research note on Friday, March 27th. They issued an “outperform” rating and a $273.00 price objective on the stock. Jefferies Financial Group increased their target price on shares of Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, March 4th. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research report on Friday, January 16th. BNP Paribas Exane upped their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, DZ Bank decreased their price objective on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.83.

Read Our Latest Analysis on HON

Honeywell International Stock Performance

Shares of HON stock opened at $229.45 on Friday. The firm has a 50 day moving average of $234.17 and a 200-day moving average of $213.50. The company has a market cap of $145.86 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18.

Honeywell International (NASDAQ:HONGet Free Report) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.47 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Insider Buying and Selling

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is owned by company insiders.

Honeywell International News Roundup

Here are the key news stories impacting Honeywell International this week:

Honeywell International Profile

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

Further Reading

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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