Fiduciary Trust Co Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Fiduciary Trust Co grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,360 shares of the conglomerate's stock after purchasing an additional 6,123 shares during the period. Fiduciary Trust Co's holdings in Honeywell International were worth $14,538,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. increased its position in Honeywell International by 3.7% during the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate's stock worth $164,836,000 after purchasing an additional 28,812 shares during the last quarter. ST Germain D J Co. Inc. increased its position in Honeywell International by 11.3% during the fourth quarter. ST Germain D J Co. Inc. now owns 10,323 shares of the conglomerate's stock worth $2,332,000 after purchasing an additional 1,048 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Honeywell International by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 15,342 shares of the conglomerate's stock worth $3,466,000 after purchasing an additional 376 shares during the last quarter. Sage Capital Advisors llc increased its position in Honeywell International by 0.5% during the fourth quarter. Sage Capital Advisors llc now owns 18,570 shares of the conglomerate's stock worth $4,195,000 after purchasing an additional 85 shares during the last quarter. Finally, Atlas Brown Inc. increased its position in Honeywell International by 8.3% during the fourth quarter. Atlas Brown Inc. now owns 1,645 shares of the conglomerate's stock worth $372,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Barclays dropped their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus price target of $242.23.

Honeywell International Stock Down 0.7%

Shares of NASDAQ:HON traded down $1.51 during trading on Friday, hitting $213.03. 2,393,982 shares of the company were exchanged, compared to its average volume of 3,751,552. The stock has a market capitalization of $136.91 billion, a P/E ratio of 24.46, a PEG ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm's 50 day moving average price is $205.26 and its 200-day moving average price is $215.34.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 EPS. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, May 16th. Honeywell International's payout ratio is currently 51.95%.

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.