Cambridge Trust Co. Sells 421 Shares of Honeywell International Inc. (NASDAQ:HON)

Cambridge Trust Co. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 157,268 shares of the conglomerate’s stock after selling 421 shares during the quarter. Honeywell International makes up 1.4% of Cambridge Trust Co.’s portfolio, making the stock its 20th biggest position. Cambridge Trust Co.’s holdings in Honeywell International were worth $32,981,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cordant Inc. bought a new stake in shares of Honeywell International in the 4th quarter valued at about $31,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $31,000. True Wealth Design LLC purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $37,000. Finally, TFO Wealth Partners LLC grew its position in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON traded up $0.33 on Thursday, hitting $190.69. 1,038,633 shares of the company’s stock traded hands, compared to its average volume of 2,991,294. 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 1-year low of $174.88 and a 1-year high of $210.87. The firm’s 50-day moving average price is $198.41 and its two-hundred day moving average price is $195.82. The firm has a market capitalization of $124.17 billion, a PE ratio of 22.47, a P/E/G ratio of 2.18 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same period in the previous year, the business posted $2.52 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts expect that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada dropped their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $219.67.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were 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 in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Company Profile

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.