Webster Bank N. A. Has $3.28 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Webster Bank N. A. increased its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,657 shares of the conglomerate’s stock after purchasing an additional 1,391 shares during the quarter. Webster Bank N. A.’s holdings in Honeywell International were worth $3,283,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cordant Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $31,000. True Wealth Design LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth about $31,000. TFO Wealth Partners LLC increased its position in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 114 shares during the period. Fortis Capital Advisors LLC bought a new position in Honeywell International during the fourth quarter worth about $46,000. Finally, Raleigh Capital Management Inc. increased its position in Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

HON stock opened at $197.97 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The firm has a market cap of $129.11 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.27 and a beta of 1.02. The company’s 50-day moving average price is $199.14 and its two-hundred day moving average price is $195.48.

Honeywell International (NASDAQ:HONGet Free Report) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $2.52 EPS. On average, analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada lowered their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Barclays raised their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $221.11.

Check Out Our Latest Stock Analysis on Honeywell International

About Honeywell International

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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