Coastline Trust Co Has $2.19 Million Position in Honeywell International Inc. $HON

Coastline Trust Co grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 58.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,213 shares of the conglomerate’s stock after purchasing an additional 4,153 shares during the period. Coastline Trust Co’s holdings in Honeywell International were worth $2,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC raised its position in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the period. Acadian Asset Management LLC boosted its position in Honeywell International by 145.7% during the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after acquiring an additional 2,629 shares during the period. Schnieders Capital Management LLC. grew its stake in Honeywell International by 18.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after acquiring an additional 1,223 shares in the last quarter. Portside Wealth Group LLC increased its holdings in shares of Honeywell International by 32.2% in the 2nd quarter. Portside Wealth Group LLC now owns 2,006 shares of the conglomerate’s stock valued at $467,000 after purchasing an additional 489 shares during the period. Finally, Greenland Capital Management LP increased its holdings in shares of Honeywell International by 9.9% in the 2nd quarter. Greenland Capital Management LP now owns 1,850 shares of the conglomerate’s stock valued at $431,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a report on Friday, January 16th. Robert W. Baird increased their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. DZ Bank lowered their price target on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Honeywell International Price Performance

Shares of HON opened at $229.02 on Friday. The firm has a market cap of $145.58 billion, a PE ratio of 28.66, a PEG ratio of 3.33 and a beta of 0.92. The firm’s 50 day moving average price is $232.06 and its 200 day moving average price is $212.69. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm posted $2.47 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s dividend payout ratio is presently 59.57%.

Insider Activity

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares of the company’s stock, valued at $7,459,440. This represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,190 shares of company stock worth $4,244,287. Corporate insiders own 0.20% of the company’s stock.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.