Penobscot Investment Management Company Inc. Sells 438 Shares of Honeywell International Inc. (NASDAQ:HON)

Penobscot Investment Management Company Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,854 shares of the conglomerate’s stock after selling 438 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Honeywell International were worth $4,485,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International in the 3rd quarter valued at about $25,000. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $25,000. Avalon Trust Co raised its stake in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $30,000. Finally, Financial Avengers Inc. grew its stake in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HON shares. Citigroup lowered their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Royal Bank of Canada dropped 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 research note on Friday, February 7th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $249.38.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $212.12 on Wednesday. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company has a market cap of $137.86 billion, a PE ratio of 24.35, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The business has a 50-day simple moving average of $213.75 and a two-hundred day simple moving average of $216.85.

Honeywell International (NASDAQ:HON) last released 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 net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

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.