Mechanics Bank Trust Department Boosts Stake in Honeywell International Inc. (HON)

Mechanics Bank Trust Department grew its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,565 shares of the conglomerate’s stock after buying an additional 95 shares during the quarter. Honeywell International accounts for 1.1% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 28th biggest position. Mechanics Bank Trust Department’s holdings in Honeywell International were worth $4,474,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of HON. Whitnell & Co. raised its position in shares of Honeywell International by 1.1% during the 1st quarter. Whitnell & Co. now owns 3,602 shares of the conglomerate’s stock valued at $450,000 after buying an additional 38 shares in the last quarter. Trust Department MB Financial Bank N A raised its position in shares of Honeywell International by 1.0% during the 1st quarter. Trust Department MB Financial Bank N A now owns 10,307 shares of the conglomerate’s stock valued at $1,287,000 after buying an additional 97 shares in the last quarter. Granite Investment Advisors LLC raised its position in shares of Honeywell International by 14.9% during the 1st quarter. Granite Investment Advisors LLC now owns 66,882 shares of the conglomerate’s stock valued at $8,352,000 after buying an additional 8,663 shares in the last quarter. Ledyard National Bank raised its position in shares of Honeywell International by 6.6% during the 1st quarter. Ledyard National Bank now owns 6,100 shares of the conglomerate’s stock valued at $762,000 after buying an additional 380 shares in the last quarter. Finally, Bollard Group LLC raised its position in shares of Honeywell International by 9.9% during the 1st quarter. Bollard Group LLC now owns 32,901 shares of the conglomerate’s stock valued at $4,108,000 after buying an additional 2,965 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Several analysts have recently weighed in on HON shares. BidaskClub upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, August 17th. Oppenheimer Holdings, Inc. increased their target price on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 target price (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $141.18.

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In other news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the sale, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock worth $48,886,463 over the last 90 days. Company insiders own 1.56% of the company’s stock.

Shares of Honeywell International Inc. (NYSE:HON) traded up 1.12% during midday trading on Monday, reaching $139.11. 1,178,099 shares of the company’s stock were exchanged. The stock has a market cap of $105.80 billion, a PE ratio of 21.57 and a beta of 0.94. The stock’s 50 day moving average is $137.41 and its 200-day moving average is $131.78. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the business earned $1.70 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post $7.09 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.

Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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

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