Security National Bank Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Security National Bank lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 91.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,818 shares of the conglomerate's stock after selling 28,619 shares during the quarter. Security National Bank's holdings in Honeywell International were worth $597,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. LaFleur & Godfrey LLC grew its position in shares of Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock worth $9,550,000 after buying an additional 12,227 shares during the last quarter. Brighton Jones LLC lifted its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares during the period. ARK Investment Management LLC boosted its holdings in Honeywell International by 2.8% in the fourth quarter. ARK Investment Management LLC now owns 16,368 shares of the conglomerate's stock valued at $3,697,000 after acquiring an additional 448 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in Honeywell International during the 4th quarter valued at $83,000. Finally, Kirtland Hills Capital Management LLC raised its holdings in Honeywell International by 1.2% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 4,376 shares of the conglomerate's stock worth $988,000 after purchasing an additional 54 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 2.1%

NASDAQ HON traded up $4.59 during mid-day trading on Thursday, reaching $226.38. The stock had a trading volume of 2,629,205 shares, compared to its average volume of 3,808,008. The stock has a market cap of $145.49 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.62 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 has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The company has a fifty day moving average price of $217.70 and a 200 day moving average price of $215.79.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the previous year, the business earned $2.25 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HON shares. Wells Fargo & Company increased their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Bank of America raised 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 lifted their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. 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 investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.21.

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.