Private Trust Co. NA Buys 1,142 Shares of Honeywell International Inc. (NASDAQ:HON)

Private Trust Co. NA increased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,703 shares of the conglomerate's stock after acquiring an additional 1,142 shares during the period. Private Trust Co. NA's holdings in Honeywell International were worth $2,690,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. World Investment Advisors grew its position in shares of Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth $361,000. Schroder Investment Management Group lifted its holdings in Honeywell International by 12.7% during the 4th 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $435,786,000. Finally, Red Door Wealth Management LLC grew its stake in Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after acquiring an additional 736 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.5%

HON stock traded up $1.26 on Thursday, reaching $240.52. 1,903,189 shares of the company traded hands, compared to its average volume of 3,832,054. 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 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a fifty day simple moving average of $221.36 and a 200-day simple moving average of $215.98. The company has a market cap of $154.57 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts anticipate 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 was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is currently 51.95%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company raised their price objective on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Eight 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.29.

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.