Trustmark National Bank Trust Department Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Trustmark National Bank Trust Department bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 920 shares of the conglomerate’s stock, valued at approximately $208,000.

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

Insider Activity at Honeywell International

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

Honeywell International Price Performance

HON opened at $200.25 on Tuesday. The stock has a fifty day moving average price of $206.83 and a 200 day moving average price of $216.43. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. 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 $130.15 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Analysts forecast 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.26%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Analysts Set New Price Targets

Several research firms have commented on HON. Citigroup lowered their target price on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Morgan Stanley boosted their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $242.15.

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.