Ballentine Partners LLC Has $4.85 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Ballentine Partners LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,101 shares of the conglomerate’s stock after purchasing an additional 572 shares during the period. Ballentine Partners LLC’s holdings in Honeywell International were worth $4,845,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HON. True Wealth Design LLC purchased a new position in Honeywell International during the fourth quarter worth about $31,000. Cordant Inc. purchased a new position in Honeywell International in the fourth quarter valued at about $31,000. Fortis Capital Advisors LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at approximately $46,000. TFO Wealth Partners LLC raised its position in shares of Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares during the period. Finally, Altshuler Shaham Ltd bought a new stake in shares of Honeywell International in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 1.1 %

NASDAQ:HON traded down $2.26 on Wednesday, reaching $197.97. 2,493,460 shares of the stock traded hands, compared to its average volume of 3,054,493. The company has a market capitalization of $129.11 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.27 and a beta of 1.02. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The company’s fifty day simple moving average is $199.18 and its 200 day simple moving average is $195.47.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.52 EPS. Equities analysts predict that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HON shares. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada cut 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 note on Friday, February 2nd. Wells Fargo & Company upped their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Finally, Barclays upped their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $221.11.

Read Our Latest Report on Honeywell International

Honeywell International Company Profile

(Free Report)

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.

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

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