Sabal Trust CO Purchases 1,709 Shares of Honeywell International Inc. (NASDAQ:HON)

Sabal Trust CO lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,273 shares of the conglomerate's stock after purchasing an additional 1,709 shares during the quarter. Sabal Trust CO's holdings in Honeywell International were worth $2,175,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors increased its holdings in shares of Honeywell International by 137.7% in the fourth 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. bought a new position in shares of Honeywell International in the fourth quarter worth $361,000. Schroder Investment Management Group increased its holdings in shares of 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. Raymond James Financial Inc. purchased a new position in Honeywell International in the fourth quarter worth $435,786,000. Finally, Dynasty Wealth Management LLC grew its position in Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after acquiring an additional 3,879 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on HON shares. Bank of America upgraded 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 report on Wednesday, May 7th. Mizuho upped their target price on shares of 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 shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup upped their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays upped their target price on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Eight 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, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $221.79 on Thursday. The company has a market cap of $142.54 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. The company has a 50-day moving average price of $217.70 and a 200-day moving average price of $215.79. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 earnings per share. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is currently 51.95%.

Honeywell International 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.

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