Canton Hathaway LLC Acquires 5,360 Shares of Honeywell International Inc. $HON

Canton Hathaway LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 2,022.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,625 shares of the conglomerate’s stock after purchasing an additional 5,360 shares during the quarter. Canton Hathaway LLC’s holdings in Honeywell International were worth $1,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Holos Integrated Wealth LLC bought a new position in Honeywell International in the 4th quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $31,000. Cedar Mountain Advisors LLC boosted its position in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 84 shares during the last quarter. Finally, Strive Asset Management LLC bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $33,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 3.9%

Shares of HON opened at $232.47 on Thursday. The company has a market cap of $147.78 billion, a PE ratio of 29.10, a P/E/G ratio of 3.32 and a beta of 0.93. The business has a fifty day moving average of $234.69 and a 200 day moving average of $213.89. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $2.47 earnings per share. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HON shares. Barclays lowered their target price on Honeywell International from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Robert W. Baird increased their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft increased their target price on Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. increased their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Evercore increased their target price on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $251.83.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 18,190 shares of company stock valued at $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.