Honeywell International Inc. (NASDAQ:HON) is Farmers Trust Co.'s 10th Largest Position

Farmers Trust Co. lifted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 19.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,410 shares of the conglomerate's stock after acquiring an additional 6,816 shares during the period. Honeywell International accounts for approximately 1.6% of Farmers Trust Co.'s holdings, making the stock its 10th biggest holding. Farmers Trust Co.'s holdings in Honeywell International were worth $8,769,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares during the period. Geode Capital Management LLC increased its position in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after acquiring an additional 627,422 shares during the period. Capital World Investors purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $1,594,216,000. Bank of New York Mellon Corp increased its position in shares of Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after acquiring an additional 631,761 shares during the period. Finally, Capital Research Global Investors increased its position in shares of Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after acquiring an additional 346,190 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 0.2%

HON traded down $0.34 during trading on Friday, hitting $224.85. The stock had a trading volume of 8,299,549 shares, compared to its average volume of 3,831,092. The company has a market capitalization of $144.51 billion, a PE ratio of 25.82, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a 50 day simple moving average of $208.99 and a two-hundred day simple moving average of $216.32.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results 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. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Honeywell International's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $2.25 earnings per share. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed 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 payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HON. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company increased 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 note on Wednesday, April 30th. Finally, Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $245.57.

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.