Baxter Bros Inc. Has $7.66 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Baxter Bros Inc. raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,537 shares of the conglomerate’s stock after buying an additional 252 shares during the quarter. Honeywell International comprises 1.1% of Baxter Bros Inc.’s portfolio, making the stock its 25th biggest position. Baxter Bros Inc.’s holdings in Honeywell International were worth $7,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its position in Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after acquiring an additional 1,162,518 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Honeywell International by 6,557.2% in the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after purchasing an additional 926,531 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Honeywell International by 853.0% during the third quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock worth $163,980,000 after buying an additional 794,489 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after buying an additional 636,104 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Honeywell International by 27.5% in the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after buying an additional 375,158 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HON. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $215.71.

Honeywell International Stock Performance

Honeywell International stock traded up $2.17 during midday trading on Friday, reaching $195.81. 2,251,381 shares of the company’s stock were exchanged, compared to its average volume of 2,992,784. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The firm has a market cap of $127.51 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.26 and a beta of 1.02. The stock’s 50-day simple moving average is $197.66 and its 200 day simple moving average is $196.58. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 EPS. On average, analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Insider Buying and Selling

In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

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.