Intrust Bank NA Purchases 1,040 Shares of Honeywell International Inc. (NASDAQ:HON)

Intrust Bank NA raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,758 shares of the conglomerate’s stock after purchasing an additional 1,040 shares during the quarter. Intrust Bank NA’s holdings in Honeywell International were worth $2,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in Honeywell International during the fourth quarter valued at approximately $31,000. Cordant Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth $31,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth $37,000. TFO Wealth Partners LLC increased its stake in shares of Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth $48,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HON has been the subject of a number of research reports. 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 dropped 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $215.71.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

HON stock traded up $0.32 during trading on Monday, hitting $193.77. 2,589,871 shares of the company’s stock traded hands, compared to its average volume of 3,001,896. The business has a fifty day simple moving average of $198.18 and a 200 day simple moving average of $196.40. The stock has a market capitalization of $126.18 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $2.07 EPS. As a group, research analysts expect that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

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.