First American Trust FSB Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• First American Trust FSB reduced its holdings in Honeywell International by 65.5%, owning 10,422 shares worth approximately $2.21 million after selling 19,805 shares in the first quarter.
• Honeywell's recent quarterly earnings showed an EPS of $2.75, exceeding analysts' expectations by $0.09, with revenues of $10.35 billion representing an 8.1% increase year-over-year.
• The company declared a quarterly dividend of $1.13 per share, leading to an annualized dividend yield of 2.1%, with the payout ratio at 51.42%.

First American Trust FSB trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 65.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,422 shares of the conglomerate's stock after selling 19,805 shares during the quarter. First American Trust FSB's holdings in Honeywell International were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Kirtland Hills Capital Management LLC increased its position in Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after acquiring an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its position in Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after acquiring an additional 48 shares during the last quarter. Gateway Wealth Partners LLC increased its position in Honeywell International by 2.5% during the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after acquiring an additional 49 shares during the last quarter. Cetera Trust Company N.A increased its position in Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in Honeywell International by 12.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock valued at $99,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.3%

HON stock traded up $0.56 during midday trading on Tuesday, reaching $217.01. 4,340,984 shares of the company traded hands, compared to its average volume of 3,802,513. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The business has a 50 day moving average of $228.48 and a 200-day moving average of $216.81. The firm has a market capitalization of $137.78 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.44 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's dividend payout ratio is 51.42%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HON shares. Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $254.00.

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.