Field & Main Bank Lowers Stake in Honeywell International Inc. (NYSE:HON)

Field & Main Bank reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,574 shares of the conglomerate’s stock after selling 240 shares during the quarter. Honeywell International accounts for approximately 1.2% of Field & Main Bank’s investment portfolio, making the stock its 22nd biggest holding. Field & Main Bank’s holdings in Honeywell International were worth $1,820,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Congress Asset Management Co. MA boosted its stake in shares of Honeywell International by 2.5% during the 2nd quarter. Congress Asset Management Co. MA now owns 58,476 shares of the conglomerate’s stock worth $12,827,000 after acquiring an additional 1,424 shares in the last quarter. Simmons Bank lifted its stake in Honeywell International by 10.9% in the 2nd quarter. Simmons Bank now owns 16,076 shares of the conglomerate’s stock valued at $3,527,000 after buying an additional 1,582 shares in the last quarter. Bank of The West lifted its stake in Honeywell International by 39.0% in the 2nd quarter. Bank of The West now owns 17,124 shares of the conglomerate’s stock valued at $3,756,000 after buying an additional 4,809 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in Honeywell International by 4.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 13,858 shares of the conglomerate’s stock valued at $2,942,000 after buying an additional 624 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its stake in Honeywell International by 0.8% in the 2nd quarter. WASHINGTON TRUST Co now owns 84,179 shares of the conglomerate’s stock valued at $18,466,000 after buying an additional 693 shares in the last quarter. 75.80% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Darius Adamczyk sold 28,571 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $231.97, for a total transaction of $6,627,614.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is owned by company insiders.

HON traded down $3.79 during trading on Thursday, reaching $212.21. The company’s stock had a trading volume of 3,265,442 shares, compared to its average volume of 2,625,229. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.79. The firm has a fifty day simple moving average of $218.98 and a two-hundred day simple moving average of $223.71. Honeywell International Inc. has a 1 year low of $194.55 and a 1 year high of $236.86. The company has a market cap of $146.09 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.53 and a beta of 1.14.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, October 21st. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.02. The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $8.68 billion. Honeywell International had a net margin of 15.80% and a return on equity of 31.21%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 EPS. As a group, equities analysts forecast that Honeywell International Inc. will post 8.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 3rd. Stockholders of record on Friday, November 12th will be issued a dividend of $0.98 per share. The ex-dividend date is Wednesday, November 10th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.85%. This is an increase from Honeywell International’s previous quarterly dividend of $0.93. Honeywell International’s dividend payout ratio (DPR) is currently 50.39%.

HON has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Honeywell International from $246.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 7th. Barclays decreased their price target on shares of Honeywell International from $253.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, October 25th. Wells Fargo & Company initiated coverage on shares of Honeywell International in a research note on Thursday, October 7th. They issued an “equal weight” rating and a $229.00 price target on the stock. Finally, Royal Bank of Canada decreased their price target on shares of Honeywell International from $229.00 to $224.00 and set a “sector perform” rating on the stock in a research note on Monday, October 25th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $235.73.

Honeywell International Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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

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