Plimoth Trust Co. LLC Has $916,000 Position in Honeywell International Inc. (NASDAQ:HON)

Plimoth Trust Co. LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,325 shares of the conglomerate’s stock after selling 63 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Honeywell International were worth $916,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co raised its stake in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International in the 4th quarter valued at about $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International during the fourth quarter worth approximately $35,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Honeywell International stock opened at $221.87 on Thursday. The stock has a market cap of $142.59 billion, a PE ratio of 25.50, a P/E/G ratio of 2.59 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The business’s 50-day moving average price is $215.09 and its two-hundred day moving average price is $215.96.

Honeywell International (NASDAQ:HON) last announced 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. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 EPS. As a group, 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 declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Wells Fargo & Company upped their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Royal Bank Of Canada boosted their price target 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. Finally, 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 report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $249.21.

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.