Honeywell International Inc. $HON Shares Purchased by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates increased its stake in Honeywell by 56.1% in Q4 to 72,783 shares, worth about $14.2 million.
• Insiders have been net sellers, disposing of 18,190 shares worth roughly $4.24 million over the past 90 days (including sales by Director D. Scott Davis and VP Robert D. Mailloux); company insiders now own 0.20%.
• Analysts remain broadly positive with a consensus rating of Moderate Buy and a $251.83 consensus price target, and several firms (Weiss, Argus, RBC, Morgan Stanley) have recently raised ratings or targets.

Douglas Lane & Associates LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 56.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,783 shares of the conglomerate's stock after acquiring an additional 26,162 shares during the period. Douglas Lane & Associates LLC's holdings in Honeywell International were worth $14,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Holos Integrated Wealth LLC acquired a new position in Honeywell International during the fourth quarter worth $25,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock worth $30,000 after acquiring an additional 118 shares during the period. JPL Wealth Management LLC acquired a new position in Honeywell International during the third quarter worth $31,000. Cedar Mountain Advisors LLC grew its holdings in Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock worth $33,000 after acquiring an additional 84 shares during the period. Finally, Strive Asset Management LLC acquired a new position in Honeywell International during the third quarter worth $33,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,190 shares of company stock worth $4,244,287 over the last 90 days. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Weiss Ratings raised Honeywell International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 27th. Morgan Stanley upped their target price on Honeywell International from $235.00 to $245.00 and gave the company an "equal weight" rating in a report on Thursday, March 12th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a report on Friday, January 16th. Argus upped their target price on Honeywell International from $250.00 to $290.00 and gave the company a "buy" rating in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada upped their target price on Honeywell International from $249.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, January 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.83.

Honeywell International Stock Up 1.5%

Shares of NASDAQ:HON opened at $236.06 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52-week low of $178.11 and a 52-week high of $248.18. The stock's fifty day simple moving average is $234.86 and its 200-day simple moving average is $214.04. The company has a market capitalization of $150.06 billion, a P/E ratio of 29.54, a P/E/G ratio of 3.36 and a beta of 0.93.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the business earned $2.47 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, February 27th. Honeywell International's dividend payout ratio is currently 59.57%.

About Honeywell International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.