Gryphon Financial Partners LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

Gryphon Financial Partners LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,561 shares of the conglomerate’s stock after acquiring an additional 160 shares during the period. Gryphon Financial Partners LLC’s holdings in Honeywell International were worth $1,708,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International in the third quarter valued at $25,000. Hoese & Co LLP purchased a new position in shares of Honeywell International in the 4th quarter valued at about $30,000. Financial Avengers Inc. raised its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Planning Capital Management Corp raised its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in Honeywell International in the third quarter valued at approximately $41,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group lifted their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Bank of America upped their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Trading Up 0.3 %

Shares of Honeywell International stock opened at $212.89 on Monday. The company has a 50-day moving average of $218.57 and a two-hundred day moving average of $215.98. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. 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 $138.36 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 2.12%. Honeywell International’s dividend payout ratio is presently 51.89%.

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.