M&T Bank Corp Sells 5,395 Shares of Honeywell International Inc. (NASDAQ:HON)

M&T Bank Corp lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 292,815 shares of the conglomerate’s stock after selling 5,395 shares during the period. M&T Bank Corp’s holdings in Honeywell International were worth $66,144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Symphony Financial Services Inc. increased its holdings in shares of Honeywell International by 6.1% in the 4th quarter. Symphony Financial Services Inc. now owns 2,592 shares of the conglomerate’s stock valued at $585,000 after acquiring an additional 150 shares during the period. Atria Investments Inc raised its position in shares of Honeywell International by 5.8% in the 4th quarter. Atria Investments Inc now owns 86,520 shares of the conglomerate’s stock valued at $19,544,000 after purchasing an additional 4,724 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Honeywell International by 3,499.0% in the fourth quarter. NewSquare Capital LLC now owns 3,599 shares of the conglomerate’s stock worth $813,000 after buying an additional 3,499 shares during the last quarter. J.Safra Asset Management Corp lifted its position in Honeywell International by 37.7% during the 4th quarter. J.Safra Asset Management Corp now owns 2,975 shares of the conglomerate’s stock worth $674,000 after acquiring an additional 814 shares during the period. Finally, WoodTrust Financial Corp lifted its holdings in shares of Honeywell International by 1.9% during the fourth quarter. WoodTrust Financial Corp now owns 27,722 shares of the conglomerate’s stock worth $6,262,000 after purchasing an additional 517 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $208.00 on Wednesday. The business’s 50 day simple moving average is $217.85 and its 200-day simple moving average is $216.14. The firm has a market capitalization of $135.18 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last announced 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 return on equity of 35.78% and a net margin of 14.82%. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $248.71.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

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.