Honeywell International Inc. (NASDAQ:HON) Shares Sold by Bank of Jackson Hole Trust

Key Points

• Bank of Jackson Hole Trust reduced its stake in Honeywell International Inc. by 34.4% during the 1st quarter, now holding 4,290 shares worth approximately $913,000.
• Honeywell reported quarterly earnings of $2.75 per share, surpassing estimates and showcasing an 8.1% year-over-year revenue growth with total revenues of $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, representing an annualized dividend yield of 2.0% and a payout ratio of 51.42%.

Bank of Jackson Hole Trust trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 34.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,290 shares of the conglomerate's stock after selling 2,245 shares during the period. Bank of Jackson Hole Trust's holdings in Honeywell International were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Mpwm Advisory Solutions LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $34,000. Alexis Investment Partners LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $37,000. Banque de Luxembourg S.A. acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $38,000. Finally, Garde Capital Inc. acquired a new stake in shares of Honeywell International in the first quarter worth approximately $42,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Morgan Stanley lifted their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, Citigroup lifted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Trading Down 2.1%

Shares of HON stock traded down $4.64 on Friday, hitting $217.71. The stock had a trading volume of 3,966,403 shares, compared to its average volume of 3,511,697. 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 firm has a market capitalization of $138.22 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.46 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company's 50 day moving average price is $229.24 and its 200-day moving average price is $217.06.

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

Honeywell International Dividend Announcement

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