Saybrook Capital NC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Saybrook Capital NC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,184 shares of the conglomerate’s stock after acquiring an additional 500 shares during the period. Honeywell International accounts for 2.7% of Saybrook Capital NC’s investment portfolio, making the stock its 12th biggest position. Saybrook Capital NC’s holdings in Honeywell International were worth $9,895,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cordant Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at about $31,000. True Wealth Design LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at about $31,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at about $37,000. TFO Wealth Partners LLC boosted its stake 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 in the last quarter. Finally, Fortis Capital Advisors LLC bought a new stake in Honeywell International during the fourth quarter worth about $46,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HON shares. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday. Royal Bank of Canada cut 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. Barclays upped 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, April 2nd. Finally, Wells Fargo & Company upped 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, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $219.67.

Insider Activity

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. Insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $2.87 during midday trading on Tuesday, reaching $191.17. 615,058 shares of the company were exchanged, compared to its average volume of 2,995,995. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The business’s fifty day moving average is $198.54 and its two-hundred day moving average is $195.82. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The stock has a market cap of $124.49 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion during 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%. Honeywell International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.52 earnings per share. As a group, analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

About Honeywell International

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.