Parkside Financial Bank & Trust Purchases 693 Shares of Honeywell International Inc. (NYSE:HON)

Parkside Financial Bank & Trust boosted its position in Honeywell International Inc. (NYSE:HON) by 35.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,622 shares of the conglomerate’s stock after acquiring an additional 693 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Honeywell International were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Neville Rodie & Shaw Inc. increased its stake in Honeywell International by 3.9% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 62,618 shares of the conglomerate’s stock worth $10,932,000 after acquiring an additional 2,350 shares during the period. Bath Savings Trust Co increased its stake in Honeywell International by 30.0% during the 2nd quarter. Bath Savings Trust Co now owns 20,574 shares of the conglomerate’s stock worth $3,592,000 after acquiring an additional 4,745 shares during the period. Cox Capital Mgt LLC increased its stake in Honeywell International by 1.5% during the 2nd quarter. Cox Capital Mgt LLC now owns 12,174 shares of the conglomerate’s stock worth $2,125,000 after acquiring an additional 182 shares during the period. Thomasville National Bank increased its stake in Honeywell International by 3.4% during the 2nd quarter. Thomasville National Bank now owns 6,263 shares of the conglomerate’s stock worth $1,093,000 after acquiring an additional 207 shares during the period. Finally, Rockland Trust Co. increased its stake in Honeywell International by 10.5% during the 2nd quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock worth $408,000 after acquiring an additional 222 shares during the period. 76.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of HON stock traded up $1.55 during trading hours on Friday, reaching $181.21. The company’s stock had a trading volume of 1,591,013 shares, compared to its average volume of 2,742,230. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $181.99. The company has a market capitalization of $129.10 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.41 and a beta of 1.10. The firm’s 50 day simple moving average is $168.54 and its 200-day simple moving average is $169.54.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.07. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The company had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter last year, the business posted $2.03 EPS. Honeywell International’s revenue for the quarter was down 15.6% on a year-over-year basis. Sell-side analysts predict that Honeywell International Inc. will post 8.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.90 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.60 annualized dividend and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is 40.95%.

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In related news, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the sale, the director now owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total value of $1,800,057.92. Following the sale, the chief executive officer now directly owns 28,920 shares in the company, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,133 shares of company stock worth $4,141,655. 0.73% of the stock is currently owned by company insiders.

A number of equities analysts have commented on HON shares. Zacks Investment Research upgraded Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 price objective on the stock in a research note on Monday, October 21st. Cowen set a $180.00 target price on Honeywell International and gave the company a “buy” rating in a report on Friday, October 18th. Barclays raised their target price on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. JPMorgan Chase & Co. raised their target price on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Credit Suisse Group raised their target price on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $185.80.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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