First American Bank Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

First American Bank lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,635 shares of the conglomerate’s stock after selling 653 shares during the quarter. First American Bank’s holdings in Honeywell International were worth $8,393,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HON. Capital World Investors purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $1,594,216,000. Raymond James Financial Inc. purchased a new stake in Honeywell International in the 4th quarter worth about $435,786,000. GAMMA Investing LLC raised its position in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. Cibc World Markets Corp raised its position in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC purchased a new stake in Honeywell International in the 4th quarter worth about $155,407,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.0%

HON stock opened at $221.80 on Friday. The stock has a market capitalization of $142.55 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.59 and a beta of 1.08. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm has a 50-day simple moving average of $216.12 and a 200-day simple moving average of $215.87. 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 (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the business posted $2.25 EPS. Honeywell International’s revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HON. Royal Bank Of Canada upped their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Citigroup raised their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Bank of America upgraded 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 price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Eight investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.