Bank of Stockton Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Bank of Stockton acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 958 shares of the conglomerate’s stock, valued at approximately $216,000.

Other institutional investors have also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC lifted its holdings in Honeywell International by 30.2% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 2,157 shares of the conglomerate’s stock worth $487,000 after purchasing an additional 500 shares in the last quarter. Compass Capital Corp MA ADV purchased a new stake in Honeywell International in the 4th quarter worth $365,000. Cordatus Wealth Management LLC boosted its holdings in shares of Honeywell International by 5.0% during the 4th quarter. Cordatus Wealth Management LLC now owns 6,869 shares of the conglomerate’s stock valued at $1,551,000 after purchasing an additional 329 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at about $341,000. Finally, Nicholson Wealth Management Group LLC increased its holdings in shares of Honeywell International by 72.9% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 7,336 shares of the conglomerate’s stock worth $1,657,000 after purchasing an additional 3,093 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of a number of research reports. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Stock Up 0.3 %

Shares of HON opened at $211.35 on Friday. The firm has a fifty day moving average price of $220.74 and a 200-day moving average price of $215.17. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $137.36 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.47 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.