First Western Trust Bank Has $4.37 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• First Western Trust Bank's stake in Honeywell International Inc. has decreased by 10.8% to $4.37 million during the 1st quarter, following the sale of 2,499 shares.
• Honeywell reported a quarterly EPS of $2.75, exceeding analysts' expectations, and a revenue of $10.35 billion, which was higher than the consensus estimate of $10.01 billion.
• The company announced a quarterly dividend of $1.13 per share, with a yield of 2.1%, set to be paid on September 5th to shareholders of record as of August 15th.

First Western Trust Bank lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,659 shares of the conglomerate's stock after selling 2,499 shares during the period. First Western Trust Bank's holdings in Honeywell International were worth $4,374,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Honeywell International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock valued at $13,172,852,000 after acquiring an additional 447,744 shares in the last quarter. Capital World Investors acquired a new position in Honeywell International in the 4th quarter valued at approximately $1,594,216,000. Capital Research Global Investors raised its holdings in Honeywell International by 5.5% in the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after acquiring an additional 346,190 shares in the last quarter. Northern Trust Corp raised its holdings in Honeywell International by 5.7% in the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock valued at $1,412,619,000 after acquiring an additional 337,199 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Honeywell International by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock valued at $1,278,563,000 after acquiring an additional 505,083 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on HON shares. Wells Fargo & Company cut their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research note 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. Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Morgan Stanley increased their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada dropped their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Up 0.1%

HON stock traded up $0.14 during trading on Monday, hitting $216.45. The company had a trading volume of 2,410,224 shares, compared to its average volume of 3,827,516. The firm has a 50-day moving average price of $228.66 and a 200-day moving average price of $216.85. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The stock has a market cap of $137.42 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.44 and a beta of 1.08.

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

Honeywell International Announces Dividend

The company 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 $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

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.