First National Trust Co. increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 4.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 38,592 shares of the conglomerate’s stock after buying an additional 1,727 shares during the period. First National Trust Co.’s holdings in Honeywell International were worth $4,819,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Crestwood Advisors Group LLC bought a new stake in shares of Honeywell International during the first quarter valued at $100,000. Peoples Financial Services CORP. boosted its stake in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Honeywell International by 30.2% in the first quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock valued at $153,000 after buying an additional 284 shares in the last quarter. Finally, Sfmg LLC bought a new stake in shares of Honeywell International during the first quarter valued at $200,000. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) traded up 0.21% during mid-day trading on Friday, reaching $136.82. The company’s stock had a trading volume of 1,996,454 shares. The stock has a market capitalization of $104.06 billion, a P/E ratio of 21.22 and a beta of 0.94. The company’s 50-day moving average price is $136.74 and its 200-day moving average price is $130.72. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.94%. Honeywell International’s payout ratio is currently 41.24%.
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Several equities research analysts have recently weighed in on HON shares. Jefferies Group LLC reiterated a “buy” rating and set a $155.00 price target (up from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. Cowen and Company restated a “buy” rating and issued a $140.00 price objective on shares of Honeywell International in a research report on Monday, July 17th. BidaskClub cut shares of Honeywell International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Wednesday, June 28th. Finally, HSBC Holdings plc started coverage on shares of Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $141.18.
In related news, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 in the last three months. Insiders own 1.56% of the company’s stock.
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.
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