Trust Co. of Toledo NA OH Decreases Stake in Honeywell International Inc. $HON

Trust Co. of Toledo NA OH lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 16.8% during the fourth quarter, HoldingsChannel reports. The fund owned 17,761 shares of the conglomerate’s stock after selling 3,580 shares during the period. Trust Co. of Toledo NA OH’s holdings in Honeywell International were worth $3,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Holos Integrated Wealth LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth $25,000. Howard Hughes Medical Institute purchased a new position in shares of Honeywell International in the 2nd quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the period. JPL Wealth Management LLC purchased a new stake in Honeywell International during the third quarter worth about $31,000. Finally, Cedar Mountain Advisors LLC boosted its holdings in Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

HON stock opened at $229.45 on Friday. The company’s 50 day simple moving average is $234.17 and its 200-day simple moving average is $213.50. The firm has a market capitalization of $145.86 billion, a PE ratio of 28.72, a P/E/G ratio of 3.32 and a beta of 0.93. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $248.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

Honeywell International (NASDAQ:HONGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm posted $2.47 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s payout ratio is 59.57%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wolfe Research increased their target price on shares of Honeywell International from $293.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. DZ Bank decreased their price target on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research note on Friday, January 16th. Evercore lifted their price objective on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Citigroup boosted their target price on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.83.

Read Our Latest Report on HON

Key Stories Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,190 shares of company stock worth $4,244,287 over the last 90 days. Company insiders own 0.20% of the company’s stock.

About Honeywell International

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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