Rossmore Private Capital increased its stake in Honeywell International Inc. (NASDAQ:HON – Free Report) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,578 shares of the conglomerate’s stock after purchasing an additional 3,542 shares during the period. Rossmore Private Capital’s holdings in Honeywell International were worth $4,795,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Holos Integrated Wealth LLC bought a new position in Honeywell International in the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new position in Honeywell International in the 4th quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new position in Honeywell International in the 4th quarter worth approximately $29,000. JPL Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter worth approximately $31,000. Finally, Strive Asset Management LLC bought a new position in Honeywell International in the 3rd quarter worth approximately $33,000. Institutional investors own 75.91% of the company’s stock.
Honeywell International Stock Performance
Shares of Honeywell International stock opened at $213.24 on Monday. The firm has a fifty day moving average of $225.39 and a two-hundred day moving average of $216.13. The stock has a market capitalization of $135.12 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 3.04 and a beta of 0.82. Honeywell International Inc. has a 52 week low of $186.76 and a 52 week high of $248.18. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.10 and a current ratio of 1.39.
Honeywell International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be given a $1.19 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. Honeywell International’s dividend payout ratio is currently 67.42%.
Insider Activity at Honeywell International
In related 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 value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
HON has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Honeywell International from $255.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday. Jefferies Financial Group dropped their price objective on shares of Honeywell International from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $268.00 target price on shares of Honeywell International in a research report on Monday, April 27th. Argus upped their target price on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Finally, Citigroup dropped their target price on shares of Honeywell International from $265.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.25.
Honeywell International Company Profile
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.
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