First Community Trust NA Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

First Community Trust NA decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 74.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426 shares of the conglomerate's stock after selling 1,212 shares during the quarter. First Community Trust NA's holdings in Honeywell International were worth $90,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Capital World Investors acquired a new stake in Honeywell International in the fourth quarter valued at $1,594,216,000. Raymond James Financial Inc. acquired a new position in shares of Honeywell International during the fourth quarter valued at approximately $435,786,000. ING Groep NV boosted its stake in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after buying an additional 1,574,376 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after buying an additional 1,320,295 shares in the last quarter. Finally, Cibc World Markets Corp raised its position in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after buying an additional 1,018,099 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HON has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Royal Bank of Canada upped their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. 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 research note on Friday, May 16th. Barclays decreased their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Eight equities 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Stock Performance

NASDAQ HON traded up $1.46 during trading hours on Wednesday, reaching $228.23. 746,823 shares of the company were exchanged, compared to its average volume of 4,409,064. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business's 50 day simple moving average is $209.49 and its 200-day simple moving average is $216.15. The stock has a market capitalization of $146.68 billion, a P/E ratio of 26.20, a P/E/G 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 (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

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.