Indiana Trust & Investment Management Co Grows Position in Honeywell International Inc. (NASDAQ:HON)

Indiana Trust & Investment Management Co raised its stake in Honeywell International Inc. (NASDAQ:HON) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,990 shares of the conglomerate’s stock after buying an additional 312 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Honeywell International were worth $1,238,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in Honeywell International during the 4th quarter valued at about $27,000. CWM LLC boosted its stake in shares of Honeywell International by 11.2% in the first quarter. CWM LLC now owns 40,562 shares of the conglomerate’s stock valued at $8,325,000 after purchasing an additional 4,077 shares during the period. Insight Wealth Strategies LLC grew its holdings in shares of Honeywell International by 1.5% in the first quarter. Insight Wealth Strategies LLC now owns 8,266 shares of the conglomerate’s stock valued at $1,697,000 after purchasing an additional 119 shares in the last quarter. GAMMA Investing LLC increased its stake in Honeywell International by 20.8% during the 1st quarter. GAMMA Investing LLC now owns 2,847 shares of the conglomerate’s stock worth $584,000 after buying an additional 490 shares during the period. Finally, Mather Group LLC. boosted its position in Honeywell International by 2.2% in the 1st quarter. Mather Group LLC. now owns 8,377 shares of the conglomerate’s stock valued at $1,757,000 after buying an additional 178 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ HON traded up $1.75 on Wednesday, reaching $219.02. The stock had a trading volume of 797,632 shares, compared to its average volume of 2,822,025. The business’s 50-day moving average price is $204.24 and its 200 day moving average price is $204.41. The stock has a market cap of $142.62 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the business posted $2.23 earnings per share. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is currently 52.38%.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Wells Fargo & Company dropped their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a research report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $223.56.

Honeywell International 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.