Honeywell International Inc. (NASDAQ:HON) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 157,268 shares of the conglomerate’s stock after selling 421 shares during the quarter. Honeywell International makes up 1.4% of Cambridge Trust Co.’s investment portfolio, making the stock its 20th largest position. Cambridge Trust Co.’s holdings in Honeywell International were worth $32,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cordant Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth $31,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth $31,000. True Wealth Design LLC acquired a new position in shares of Honeywell International during the 4th quarter worth $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth $37,000. Finally, TFO Wealth Partners LLC raised its stake in shares of Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.2 %

HON traded up $0.33 during midday trading on Thursday, hitting $190.69. The company’s stock had a trading volume of 1,038,633 shares, compared to its average volume of 2,991,294. 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 firm has a market cap of $124.17 billion, a P/E ratio of 22.47, a PEG ratio of 2.18 and a beta of 1.02. The firm has a 50-day moving average price of $198.41 and a two-hundred day moving average price of $195.82. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HON) last posted its quarterly 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 company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.52 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Insider Transactions at Honeywell International

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 completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note 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 note on Friday, February 2nd. Finally, Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $219.67.

Honeywell International Company 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.