Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Clearstead Trust LLC

Clearstead Trust LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 67.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,521 shares of the conglomerate’s stock after acquiring an additional 3,032 shares during the quarter. Clearstead Trust LLC’s holdings in Honeywell International were worth $1,699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International during the third quarter worth about $25,000. Mainstream Capital Management LLC acquired a new stake in Honeywell International during the fourth quarter worth about $25,000. Hoese & Co LLP acquired a new stake in Honeywell International during the fourth quarter worth about $30,000. Financial Avengers Inc. increased its position in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp increased its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Up 1.3 %

Shares of Honeywell International stock opened at $209.47 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a market capitalization of $136.14 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a 50 day moving average of $215.05 and a 200 day moving average of $216.43.

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

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HON. Royal Bank of Canada cut their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. 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. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and an average target price of $249.38.

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.