Whittier Trust Co. Has $56.75 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Whittier Trust Co. grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,002 shares of the conglomerate's stock after acquiring an additional 1,337 shares during the period. Honeywell International accounts for approximately 0.8% of Whittier Trust Co.'s holdings, making the stock its 23rd largest position. Whittier Trust Co.'s holdings in Honeywell International were worth $56,749,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HON. World Investment Advisors increased its position in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after buying an additional 12,969 shares during the last quarter. Schroder Investment Management Group increased its position in Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after buying an additional 10,092 shares during the last quarter. Red Door Wealth Management LLC increased its position in Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after buying an additional 736 shares during the last quarter. Potomac Fund Management Inc. ADV acquired a new position in Honeywell International during the fourth quarter worth approximately $1,722,000. Finally, Petros Family Wealth LLC bought a new stake in shares of Honeywell International during the fourth quarter worth approximately $383,000. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Mizuho boosted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $250.79.

Honeywell International Price Performance

Shares of HON stock traded up $1.58 during trading on Wednesday, hitting $236.88. The company had a trading volume of 2,823,564 shares, compared to its average volume of 3,861,299. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The firm has a market capitalization of $152.24 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.67 and a beta of 1.07. The stock's 50-day moving average price is $227.27 and its 200 day moving average price is $216.56. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the previous year, the company posted $2.25 earnings per share. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company 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 of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.91%. Honeywell International's dividend payout ratio is currently 51.95%.

Honeywell International 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.