Park National Corp OH Has $2.28 Million Position in Honeywell International Inc. (NASDAQ:HON)

Park National Corp OH lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,767 shares of the conglomerate’s stock after selling 1,479 shares during the quarter. Park National Corp OH’s holdings in Honeywell International were worth $2,280,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in Honeywell International during the 4th quarter valued at $25,000. Avalon Trust Co grew its holdings in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC purchased a new position in Honeywell International in the fourth quarter valued at approximately $35,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HON shares. Barclays dropped their target price on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada raised their price target on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.57.

Honeywell International Trading Up 0.3%

HON opened at $225.19 on Friday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock’s fifty day moving average is $208.74 and its two-hundred day moving average is $216.38. The company has a market capitalization of $144.73 billion, a P/E ratio of 25.85, a PEG ratio of 2.51 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the business posted $2.25 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. Honeywell International’s dividend payout ratio is currently 51.95%.

About Honeywell International

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.