Parkside Financial Bank & Trust Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Parkside Financial Bank & Trust boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,207 shares of the conglomerate’s stock after acquiring an additional 531 shares during the period. Parkside Financial Bank & Trust’s holdings in Honeywell International were worth $882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in Honeywell International in the 4th quarter worth $31,000. Cordant Inc. bought a new stake in shares of Honeywell International in the 4th quarter worth about $31,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at about $37,000. TFO Wealth Partners LLC grew its position in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in Honeywell International in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada decreased their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Finally, Barclays upped their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $219.67.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Honeywell International Trading Up 0.4 %

Shares of HON stock traded up $0.69 during trading hours on Tuesday, reaching $196.27. 1,063,596 shares of the stock traded hands, compared to its average volume of 2,980,583. The firm has a market capitalization of $127.81 billion, a PE ratio of 23.19, a PEG ratio of 2.23 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The business has a fifty day moving average price of $198.31 and a 200 day moving average price of $196.18. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the prior year, the business posted $2.52 EPS. Honeywell International’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

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.