Private Trust Co. NA Buys 1,142 Shares of Honeywell International Inc. (NASDAQ:HON)

Private Trust Co. NA increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,703 shares of the conglomerate’s stock after buying an additional 1,142 shares during the quarter. Private Trust Co. NA’s holdings in Honeywell International were worth $2,690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co grew its position in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the 4th quarter worth about $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.2%

Shares of HON stock opened at $239.26 on Thursday. The company has a market capitalization of $153.77 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The business’s fifty day moving average is $221.36 and its 200 day moving average is $215.98. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the previous year, the company earned $2.25 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is presently 51.95%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HON shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $226.00 target price on shares of Honeywell International in a report on Wednesday, June 25th. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Finally, Barclays raised their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, June 18th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $250.29.

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.