Davidson Trust Co. Purchases 2,088 Shares of Honeywell International Inc. (NASDAQ:HON)

Davidson Trust Co. lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 45.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,637 shares of the conglomerate's stock after acquiring an additional 2,088 shares during the quarter. Davidson Trust Co.'s holdings in Honeywell International were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HON. Avalon Trust Co lifted its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International during the 4th quarter worth about $34,000. Curio Wealth LLC bought a new stake in Honeywell International during the 4th quarter valued at approximately $35,000. Finally, Alexis Investment Partners LLC bought a new stake in Honeywell International during the 4th quarter valued at approximately $37,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of HON stock traded down $1.05 during trading hours on Monday, hitting $239.35. 2,709,913 shares of the company's stock were exchanged, compared to its average volume of 3,848,453. The stock's 50-day moving average is $222.98 and its 200-day moving average is $215.91. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The stock has a market cap of $153.83 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 2.75 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.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the company posted $2.25 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on HON. JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company raised their price target on shares of Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $250.29.

Honeywell International Company 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.