Heritage Trust Co Sells 1,760 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Heritage Trust Co has reduced its holdings in Honeywell International by 12.5%, now owning 12,273 shares valued at approximately $2.6 million.
• Honeywell recently reported a quarterly earnings of $2.75 per share, exceeding expectations, with a revenue of $10.35 billion, representing an 8.1% increase year-on-year.
• The company has announced a quarterly dividend of $1.13 per share, reflecting an annualized yield of 2.1%, with a dividend payout ratio of 51.42%.

Heritage Trust Co reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,273 shares of the conglomerate's stock after selling 1,760 shares during the quarter. Heritage Trust Co's holdings in Honeywell International were worth $2,599,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the fourth quarter worth $29,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $34,000. Alexis Investment Partners LLC purchased a new stake in Honeywell International during the 4th quarter valued at about $37,000. Banque de Luxembourg S.A. purchased a new stake in Honeywell International during the 4th quarter valued at about $38,000. Finally, Garde Capital Inc. purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $42,000. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HON shares. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada reduced their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Barclays lifted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Finally, Mizuho boosted their target price 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Down 0.3%

Shares of NASDAQ:HON traded down $0.61 during mid-day trading on Tuesday, hitting $220.18. 506,007 shares of the company traded hands, compared to its average volume of 4,117,275. The firm has a market cap of $139.79 billion, a P/E ratio of 25.05, a PEG ratio of 2.46 and a beta of 1.08. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm's 50 day simple moving average is $229.22 and its 200 day simple moving average is $217.01.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share 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 during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the business earned $2.49 EPS. The business's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio is 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.