Capital City Trust Co. FL Acquires 1,200 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Capital City Trust Co. FL increased its stake in Honeywell International by 124.6% during the first quarter, holding 2,163 shares valued at approximately $458,000 by the end of the reporting period.
• Analysts have raised several price targets for Honeywell International, with Citigroup and Barclays setting their targets at $265.00, while the overall average target price stands at $252.00.
• The company announced a quarterly dividend of $1.13 per share, which reflects an annualized rate of $4.52 and a dividend yield of 2.02%.

Capital City Trust Co. FL boosted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 124.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,163 shares of the conglomerate's stock after acquiring an additional 1,200 shares during the quarter. Capital City Trust Co. FL's holdings in Honeywell International were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HON. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at about $29,000. Accredited Wealth Management LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at about $34,000. Alexis Investment Partners LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at about $37,000. Banque de Luxembourg S.A. bought a new stake in shares of Honeywell International in the 4th quarter valued at about $38,000. Finally, Garde Capital Inc. bought a new position in Honeywell International during the 1st quarter valued at approximately $42,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HON has been the subject of a number of recent analyst reports. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Barclays upped their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Citigroup increased their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. 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, Honeywell International has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Price Performance

Shares of HON stock traded up $0.81 during trading hours on Thursday, hitting $222.97. The stock had a trading volume of 1,260,849 shares, compared to its average volume of 4,135,718. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock's 50-day moving average price is $229.35 and its two-hundred day moving average price is $217.06. The stock has a market capitalization of $141.56 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.51 and a beta of 1.07.

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 for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.03%. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

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.