Park National Corp OH Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Park National Corp OH reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,767 shares of the conglomerate's stock after selling 1,479 shares during the quarter. Park National Corp OH's holdings in Honeywell International were worth $2,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors raised its position in Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after purchasing an additional 12,969 shares during the period. Coordinated Financial Services Inc. purchased a new stake in Honeywell International in the fourth quarter worth about $361,000. Costello Asset Management INC purchased a new stake in Honeywell International in the fourth quarter worth about $3,092,000. Schroder Investment Management Group grew its holdings in Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $435,786,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HON. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Barclays cut their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $245.57.

Honeywell International Stock Performance

Shares of HON stock traded down $0.34 on Friday, reaching $224.85. The stock had a trading volume of 8,299,549 shares, compared to its average volume of 3,831,092. The stock has a market cap of $144.51 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a 50 day simple moving average of $208.99 and a 200 day simple moving average of $216.32. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $2.25 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. 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.