Trust Co. of Vermont Sells 2,080 Shares of Honeywell International Inc. (NASDAQ:HON)

Trust Co. of Vermont decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,670 shares of the conglomerate's stock after selling 2,080 shares during the period. Honeywell International comprises 1.0% of Trust Co. of Vermont's portfolio, making the stock its 24th largest holding. Trust Co. of Vermont's holdings in Honeywell International were worth $20,893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC purchased a new stake in Honeywell International during the fourth quarter valued at approximately $25,000. Avalon Trust Co grew its position in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth $29,000. Accredited Wealth Management LLC bought a new position in Honeywell International in the 4th quarter worth $34,000. Finally, Curio Wealth LLC purchased a new position in Honeywell International during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on HON. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a research report on Wednesday. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Mizuho raised their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average price target of $249.21.

Honeywell International Stock Performance

NASDAQ HON opened at $226.38 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The business has a 50 day simple moving average of $218.29 and a two-hundred day simple moving average of $215.80. The stock has a market capitalization of $145.49 billion, a PE ratio of 26.02, a P/E/G ratio of 2.59 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the firm posted $2.25 earnings per share. Honeywell International's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International's dividend payout ratio (DPR) 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.

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