Glenview Trust co Has $29.32 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Glenview Trust co raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 12.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 129,781 shares of the conglomerate’s stock after purchasing an additional 14,522 shares during the quarter. Glenview Trust co’s holdings in Honeywell International were worth $29,316,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Honeywell International by 0.3% during the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after acquiring an additional 92,112 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after acquiring an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. Bank of New York Mellon Corp raised its position in Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after acquiring an additional 631,761 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Honeywell International by 7.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock valued at $822,458,000 after purchasing an additional 265,789 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group increased their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $249.38.

Honeywell International Stock Up 1.3 %

HON stock opened at $209.47 on Friday. The company’s 50 day moving average is $215.05 and its 200 day moving average is $216.50. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market cap of $136.14 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

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.