First Western Trust Bank reduced its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,619 shares of the conglomerate’s stock after selling 2,047 shares during the period. First Western Trust Bank’s holdings in Honeywell International were worth $7,391,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Horizon Bancorp Inc. IN acquired a new stake in Honeywell International in the second quarter worth $26,000. Knuff & Co LLC acquired a new stake in Honeywell International in the first quarter worth $31,000. True Wealth Design LLC bought a new position in shares of Honeywell International in the fourth quarter worth $31,000. Magellan Asset Management Ltd bought a new position in shares of Honeywell International in the first quarter worth $32,000. Finally, Manitou Investment Management Ltd. bought a new position in shares of Honeywell International in the first quarter worth $32,000. 74.61% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
HON has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. Wells Fargo & Company decreased their target price on Honeywell International from $205.00 to $190.00 in a research note on Monday, October 9th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, UBS Group decreased their target price on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average price target of $214.75.
Honeywell International Trading Down 0.2 %
Shares of NASDAQ HON traded down $0.32 during mid-day trading on Monday, hitting $190.89. 715,275 shares of the company traded hands, compared to its average volume of 2,782,351. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.96. The stock has a market capitalization of $125.84 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.45 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average of $186.19 and a two-hundred day moving average of $192.70.
Honeywell International (NASDAQ:HON – Get Free Report) last announced its earnings results on Thursday, October 26th. The conglomerate reported $2.27 EPS for the quarter, beating the consensus estimate of $2.23 by $0.04. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.23 billion. Honeywell International had a return on equity of 34.63% and a net margin of 14.87%. Honeywell International’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 9.16 earnings per share for the current fiscal year.
Honeywell International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $1.08 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.03. This represents a $4.32 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, November 9th. Honeywell International’s dividend payout ratio is currently 53.53%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.
- Five stocks we like better than Honeywell International
- How to Calculate Return on Investment (ROI)
- Monday.com rocked earnings like it’s the weekend
- How to Invest in the Best Canadian Stocks
- Plan to own one retailer? Make it this one
- Short Selling: How to Short a Stock
- Target these 3 hot retail stocks for Black Friday deals
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.