United Community Bank Buys 125 Shares of Honeywell International Inc. (NASDAQ:HON)

United Community Bank lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,638 shares of the conglomerate’s stock after purchasing an additional 125 shares during the quarter. United Community Bank’s holdings in Honeywell International were worth $370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Howard Capital Management Group LLC increased its stake in Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after acquiring an additional 174 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of Honeywell International by 12.7% during the 3rd quarter. Portside Wealth Group LLC now owns 1,307 shares of the conglomerate’s stock valued at $270,000 after purchasing an additional 147 shares during the last quarter. Summit Global Investments increased its position in shares of Honeywell International by 89.2% during the 3rd quarter. Summit Global Investments now owns 8,836 shares of the conglomerate’s stock valued at $1,826,000 after purchasing an additional 4,167 shares during the last quarter. AIA Group Ltd increased its position in shares of Honeywell International by 279.5% during the 3rd quarter. AIA Group Ltd now owns 5,716 shares of the conglomerate’s stock valued at $1,182,000 after purchasing an additional 4,210 shares during the last quarter. Finally, Hollencrest Capital Management increased its position in shares of Honeywell International by 111.7% during the 3rd quarter. Hollencrest Capital Management now owns 940 shares of the conglomerate’s stock valued at $194,000 after purchasing an additional 496 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on HON shares. Bank of America increased their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Wells Fargo & Company reduced their price objective on 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. JPMorgan Chase & Co. dropped their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group increased their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Finally, HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target of $249.38.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Up 1.5 %

Shares of NASDAQ:HON opened at $214.52 on Friday. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The firm has a market capitalization of $139.42 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.51 and a beta of 1.08. The stock has a 50 day moving average price of $216.76 and a 200-day moving average price of $216.28. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

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.