Morton Community Bank Has $3.92 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Morton Community Bank raised its position in Honeywell International Inc. (NASDAQ:HON) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,333 shares of the conglomerate’s stock after buying an additional 130 shares during the quarter. Morton Community Bank’s holdings in Honeywell International were worth $3,915,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Honeywell International during the fourth quarter worth about $435,786,000. ING Groep NV boosted its position in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after acquiring an additional 1,376,479 shares during the last quarter. Cibc World Market Inc. increased its stake in Honeywell International by 320.5% in the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after buying an additional 654,207 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after acquiring an additional 631,761 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on HON shares. Royal Bank of Canada cut their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. UBS Group reissued a “buy” rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. 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 $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. 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 currently has a consensus rating of “Hold” and a consensus target price of $249.38.

Honeywell International Price Performance

Honeywell International stock opened at $214.52 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a fifty day simple moving average of $216.76 and a 200-day simple moving average of $216.39. The firm has a market capitalization of $139.42 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. On average, equities 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. Shareholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) 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.