M&T Bank Corp Has $64.24 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

M&T Bank Corp increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,346 shares of the conglomerate’s stock after acquiring an additional 4,000 shares during the quarter. M&T Bank Corp’s holdings in Honeywell International were worth $64,244,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HON. Ameriprise Financial Inc. grew its stake in Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after buying an additional 347,808 shares during the last quarter. Northern Trust Corp grew its position in shares of Honeywell International by 4.3% in the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after purchasing an additional 263,640 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Honeywell International by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock worth $656,812,000 after purchasing an additional 34,135 shares during the last quarter. Barclays PLC boosted its stake in Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after purchasing an additional 1,162,518 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after buying an additional 636,104 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HON shares. Barclays boosted their target price 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. 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. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada cut their target price on 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $215.71.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was 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 in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON traded up $2.17 on Friday, hitting $195.81. 2,251,381 shares of the company’s stock were exchanged, compared to its average volume of 2,992,784. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The stock has a 50-day moving average of $197.66 and a 200-day moving average of $196.58. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a market cap of $127.51 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. Analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.21%. The ex-dividend date is Thursday, May 16th. Honeywell International’s payout ratio is 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.