Texas Bank & Trust Co Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Texas Bank & Trust Co acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,958 shares of the conglomerate's stock, valued at approximately $894,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $25,000. Avalon Trust Co lifted its holdings 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 buying an additional 75 shares during the period. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $30,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Honeywell International stock opened at $222.88 on Friday. 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 stock has a fifty day moving average of $206.11 and a two-hundred day moving average of $215.76. The company has a market capitalization of $143.24 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released 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 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the business posted $2.25 earnings per share. Honeywell International's revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HON shares. Wells Fargo & Company raised their price target on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday. StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday. Citigroup dropped their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada raised their price objective on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average target price of $245.23.

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.

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