Arbor Trust Wealth Advisors LLC Purchases 607 Shares of Honeywell International Inc. (NASDAQ:HON)

Arbor Trust Wealth Advisors LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 18.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,900 shares of the conglomerate’s stock after purchasing an additional 607 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Honeywell International were worth $818,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Allen Capital Group LLC raised its position in shares of Honeywell International by 17.7% during the 4th quarter. Allen Capital Group LLC now owns 1,371 shares of the conglomerate’s stock valued at $288,000 after buying an additional 206 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Honeywell International by 1.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,815 shares of the conglomerate’s stock valued at $25,546,000 after buying an additional 2,117 shares in the last quarter. Octavia Wealth Advisors LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $322,000. Saybrook Capital NC raised its position in shares of Honeywell International by 1.1% during the 4th quarter. Saybrook Capital NC now owns 47,184 shares of the conglomerate’s stock valued at $9,895,000 after buying an additional 500 shares in the last quarter. Finally, First American Trust FSB raised its position in shares of Honeywell International by 9.0% during the 4th quarter. First American Trust FSB now owns 48,581 shares of the conglomerate’s stock valued at $10,188,000 after buying an additional 4,016 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the 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 transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 1.7 %

HON stock traded down $3.32 during mid-day trading on Tuesday, reaching $190.72. The company had a trading volume of 2,801,349 shares, compared to its average volume of 3,026,815. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The company has a market capitalization of $124.19 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The firm has a 50 day moving average of $198.54 and a 200 day moving average of $195.82. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the firm earned $2.52 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.27%. Honeywell International’s dividend payout ratio is presently 51.00%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank of Canada decreased their target price 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 upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Wells Fargo & Company upped their price target on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $219.67.

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.