Trust Co of Kansas Has $5.21 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Trust Co of Kansas lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,818 shares of the conglomerate’s stock after purchasing an additional 1,756 shares during the period. Honeywell International accounts for approximately 2.9% of Trust Co of Kansas’ investment portfolio, making the stock its 17th biggest holding. Trust Co of Kansas’ holdings in Honeywell International were worth $5,205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Industrial Alliance Investment Management Inc. boosted its position in Honeywell International by 1,205.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 3,135 shares during the last quarter. Jag Capital Management LLC lifted its holdings in shares of Honeywell International by 40.8% in the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after purchasing an additional 469 shares during the last quarter. Shulman DeMeo Asset Management LLC increased its stake in shares of Honeywell International by 11.1% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after purchasing an additional 169 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Honeywell International by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after purchasing an additional 8,493 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Honeywell International in the third quarter valued at approximately $203,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $0.36 during trading hours on Tuesday, hitting $195.94. 1,266,185 shares of the company’s stock were exchanged, compared to its average volume of 2,982,403. The company’s 50-day moving average price is $198.31 and its 200-day moving average price is $196.18. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The stock has a market capitalization of $127.59 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping 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 business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the company earned $2.52 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on 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 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 document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HON. Royal Bank of Canada dropped their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.