First American Trust FSB Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

First American Trust FSB lifted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,581 shares of the conglomerate's stock after buying an additional 4,016 shares during the quarter. Honeywell International makes up about 1.3% of First American Trust FSB's portfolio, making the stock its 19th biggest position. First American Trust FSB's holdings in Honeywell International were worth $10,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HON. Cordant Inc. purchased a new position in Honeywell International during the 4th quarter worth $31,000. True Wealth Design LLC purchased a new position in Honeywell International during the 4th quarter worth $31,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the 4th quarter worth $37,000. TFO Wealth Partners LLC increased its holdings in Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate's stock worth $41,000 after purchasing an additional 114 shares during the period. Finally, Fortis Capital Advisors LLC purchased a new position in Honeywell International during the 4th quarter worth $46,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. Royal Bank of Canada reduced their price objective on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a report on Friday, February 2nd. Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a "hold" rating to a "buy" rating and lifted their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their price target on Honeywell International from $190.00 to $213.00 and gave the company an "equal weight" rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $220.25.

Insider Buying and Selling at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares of the company's stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.41% of the company's stock.

Honeywell International Price Performance

NASDAQ HON traded down $2.12 during trading hours on Monday, reaching $194.04. The company's stock had a trading volume of 3,178,887 shares, compared to its average volume of 3,028,899. The firm has a market capitalization of $126.35 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 2.24 and a beta of 1.02. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The company's 50-day moving average is $198.52 and its two-hundred day moving average is $195.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business had revenue of $9.44 billion during the quarter, compared to analysts' expectations of $9.70 billion. During the same quarter in the prior year, the firm earned $2.52 earnings per share. The business's revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International's payout ratio is currently 51.00%.

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.

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