Trust Co. of Oklahoma Sells 1,448 Shares of Honeywell International Inc. (NASDAQ:HON)

Trust Co. of Oklahoma lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 17,801 shares of the conglomerate's stock after selling 1,448 shares during the period. Honeywell International makes up approximately 1.3% of Trust Co. of Oklahoma's portfolio, making the stock its 20th biggest holding. Trust Co. of Oklahoma's holdings in Honeywell International were worth $3,769,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Vanguard Group Inc. raised its stake in shares of Honeywell International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares during the period. Geode Capital Management LLC boosted its stake in Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the period. Capital World Investors bought a new stake in Honeywell International during the 4th quarter worth approximately $1,594,216,000. Bank of New York Mellon Corp increased its holdings in shares of Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after purchasing an additional 631,761 shares during the period. Finally, Capital Research Global Investors raised its stake in Honeywell International by 5.5% in the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after purchasing an additional 346,190 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.87 on Tuesday, hitting $226.26. 2,665,080 shares of the company traded hands, compared to its average volume of 3,814,527. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business has a 50-day simple moving average of $210.66 and a 200 day simple moving average of $216.06. 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 market capitalization of $145.41 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released 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. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The business's revenue was up 7.9% on a year-over-year basis. Research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Barclays cut their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. 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. Finally, Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

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.