Sanibel Captiva Trust Company Inc. Decreases Position in Honeywell International Inc. (NASDAQ:HON)

Sanibel Captiva Trust Company Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,039 shares of the conglomerate's stock after selling 4,545 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Honeywell International were worth $26,054,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HON. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co lifted its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International during the fourth quarter valued at about $34,000. Finally, Curio Wealth LLC bought a new stake in Honeywell International during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HON. Royal Bank of Canada upped their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company lifted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Barclays reduced their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Trading Down 0.3%

HON traded down $0.71 during trading on Friday, reaching $225.34. 697,025 shares of the stock traded hands, compared to its average volume of 3,804,208. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $144.82 billion, a PE ratio of 25.86, a P/E/G ratio of 2.51 and a beta of 1.08. The stock's 50-day moving average is $212.52 and its 200 day moving average is $216.17. 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 released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. 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.