Bank of Stockton Acquires New Holdings in Honeywell International Inc. (NASDAQ:HON)

Bank of Stockton acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 958 shares of the conglomerate’s stock, valued at approximately $216,000.

Several other institutional investors also recently bought and sold shares of the business. Paradigm Asset Management Co. LLC increased its holdings in Honeywell International by 30.2% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 2,157 shares of the conglomerate’s stock valued at $487,000 after buying an additional 500 shares during the period. Compass Capital Corp MA ADV purchased a new position in Honeywell International in the fourth quarter worth $365,000. Cordatus Wealth Management LLC grew its holdings in Honeywell International by 5.0% in the fourth quarter. Cordatus Wealth Management LLC now owns 6,869 shares of the conglomerate’s stock worth $1,551,000 after purchasing an additional 329 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in Honeywell International in the fourth quarter worth $341,000. Finally, Nicholson Wealth Management Group LLC grew its holdings in Honeywell International by 72.9% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 7,336 shares of the conglomerate’s stock worth $1,657,000 after purchasing an additional 3,093 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $211.35 on Friday. The business’s 50 day moving average price is $220.74 and its 200 day moving average price is $215.17. The firm has a market cap of $137.36 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.47 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 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, March 14th. Shareholders of record on Friday, February 28th will be given a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.14%. Honeywell International’s dividend payout ratio is presently 51.89%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HON. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a report on Friday, October 25th. The Goldman Sachs Group boosted their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Finally, HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

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.