American Trust Has $6.84 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

American Trust cut its stake in Honeywell International Inc. (NASDAQ:HON) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,319 shares of the conglomerate’s stock after selling 1,216 shares during the period. Honeywell International accounts for about 0.6% of American Trust’s investment portfolio, making the stock its 21st biggest position. American Trust’s holdings in Honeywell International were worth $6,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HON. Venturi Wealth Management LLC raised its stake in shares of Honeywell International by 3.1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,897 shares of the conglomerate’s stock worth $608,000 after buying an additional 87 shares during the last quarter. Howland Capital Management LLC raised its stake in shares of Honeywell International by 22.7% during the fourth quarter. Howland Capital Management LLC now owns 2,323 shares of the conglomerate’s stock worth $487,000 after buying an additional 429 shares during the last quarter. Trust Point Inc. bought a new stake in shares of Honeywell International during the fourth quarter worth approximately $3,085,000. WoodTrust Financial Corp raised its stake in shares of Honeywell International by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 24,354 shares of the conglomerate’s stock worth $5,107,000 after buying an additional 423 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Honeywell International by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 23,101 shares of the conglomerate’s stock worth $4,845,000 after buying an additional 572 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $225.00.

Honeywell International Stock Down 0.4 %

HON traded down $0.89 during trading hours on Friday, hitting $203.69. 3,377,778 shares of the company’s stock were exchanged, compared to its average volume of 2,908,121. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The stock’s 50-day moving average is $210.09 and its two-hundred day moving average is $202.62. The stock has a market cap of $132.33 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the company posted $2.23 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

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.