Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Perkins Coie Trust Co

Perkins Coie Trust Co increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,133 shares of the conglomerate’s stock after acquiring an additional 426 shares during the quarter. Perkins Coie Trust Co’s holdings in Honeywell International were worth $3,927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Morton Capital Management LLC CA increased its position in shares of Honeywell International by 0.9% in the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after acquiring an additional 50 shares in the last quarter. Wayfinding Financial LLC increased its position in shares of Honeywell International by 3.4% in the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after acquiring an additional 50 shares in the last quarter. Indiana Trust & Investment Management CO boosted its holdings in shares of Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after purchasing an additional 50 shares during the period. River Street Advisors LLC boosted its holdings in shares of Honeywell International by 2.0% during the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after purchasing an additional 50 shares during the period. Finally, Triton Wealth Management PLLC boosted its holdings in shares of Honeywell International by 4.7% during the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Honeywell International Trading Up 0.4 %

Honeywell International stock traded up $0.80 during trading hours on Monday, reaching $215.89. 2,932,334 shares of the company’s stock traded hands, compared to its average volume of 2,945,226. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $218.36. The firm has a market capitalization of $140.59 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.28 and a beta of 1.03. The firm’s 50 day moving average is $202.05 and its 200-day moving average is $201.03.

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, beating analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.07 EPS. On average, analysts predict that Honeywell International Inc. will post 10.23 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Activity

In related news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Honeywell International 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.