Foster Dykema Cabot & Partners LLC Acquires 570 Shares of Honeywell International Inc. (NASDAQ:HON)

Foster Dykema Cabot & Partners LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 265.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 785 shares of the conglomerate’s stock after purchasing an additional 570 shares during the quarter. Foster Dykema Cabot & Partners LLC’s holdings in Honeywell International were worth $177,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth $25,000. Avalon Trust Co boosted its stake in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares during the period. Hoese & Co LLP bought a new position in Honeywell International during the 4th quarter worth about $30,000. Curio Wealth LLC bought a new position in Honeywell International during the 4th quarter worth about $35,000. Finally, Hopwood Financial Services Inc. bought a new stake in shares of Honeywell International in the fourth quarter valued at about $44,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on 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 sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HON shares. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Barclays reduced their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $242.15.

Honeywell International Stock Down 2.8 %

HON opened at $193.28 on Thursday. 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’s fifty day simple moving average is $206.36 and its 200 day simple moving average is $216.15. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market cap of $124.33 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last announced its earnings results 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 net margin of 14.82% and a return on equity of 35.78%. As a group, research analysts expect that Honeywell International Inc. will post 10.34 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 14th. Investors 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 2.34%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio is 51.89%.

About Honeywell International

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.