Bath Savings Trust Co Sells 2,130 Shares of Honeywell International Inc. (NASDAQ:HON)

Bath Savings Trust Co cut its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,644 shares of the conglomerate's stock after selling 2,130 shares during the period. Bath Savings Trust Co's holdings in Honeywell International were worth $2,677,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HON. Nexus Investment Management ULC raised its position in Honeywell International by 3.1% during the 1st quarter. Nexus Investment Management ULC now owns 30,315 shares of the conglomerate's stock worth $6,419,000 after purchasing an additional 900 shares during the last quarter. Farmers Trust Co. raised its holdings in shares of Honeywell International by 19.7% during the first quarter. Farmers Trust Co. now owns 41,410 shares of the conglomerate's stock valued at $8,769,000 after purchasing an additional 6,816 shares during the period. Sage Capital Advisors llc boosted its holdings in Honeywell International by 34.6% in the first quarter. Sage Capital Advisors llc now owns 24,989 shares of the conglomerate's stock worth $5,291,000 after acquiring an additional 6,419 shares in the last quarter. Capital Market Strategies LLC bought a new position in shares of Honeywell International in the 1st quarter worth $228,000. Finally, Versant Capital Management Inc grew its holdings in shares of Honeywell International by 27.1% during the first quarter. Versant Capital Management Inc now owns 4,262 shares of the conglomerate's stock valued at $902,000 after buying an additional 909 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HON shares. Citigroup decreased their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Royal Bank of Canada upped their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Morgan Stanley raised their price target on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $245.57.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.34 during trading on Friday, hitting $224.85. 8,299,549 shares of the stock traded hands, compared to its average volume of 3,831,092. The stock has a market cap of $144.51 billion, a price-to-earnings ratio of 25.82, 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 Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm's fifty day moving average is $208.99 and its 200-day moving average is $216.32.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. Research analysts expect 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 will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

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.