Honeywell International Inc. (NYSE:HON) Stake Raised by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,227 shares of the conglomerate’s stock after acquiring an additional 284 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Honeywell International were worth $2,596,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd increased its stake in Honeywell International by 97.3% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 144 shares of the conglomerate’s stock valued at $31,000 after buying an additional 71 shares during the period. Founders Capital Management acquired a new position in shares of Honeywell International during the third quarter valued at approximately $32,000. Harvest Group Wealth Management LLC acquired a new stake in Honeywell International in the second quarter worth approximately $36,000. RPg Family Wealth Advisory LLC bought a new position in Honeywell International during the 2nd quarter valued at $36,000. Finally, Beacon Capital Management Inc. acquired a new position in shares of Honeywell International during the 3rd quarter valued at $51,000. Institutional investors own 75.80% of the company’s stock.

In other Honeywell International news, CEO Darius Adamczyk sold 28,571 shares of the business’s stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $231.97, for a total value of $6,627,614.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by insiders.

Several brokerages have recently issued reports on HON. Barclays lowered their price target on Honeywell International from $253.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, October 25th. Morgan Stanley decreased their target price on Honeywell International from $246.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, October 7th. Wells Fargo & Company assumed coverage on Honeywell International in a report on Thursday, October 7th. They issued an “equal weight” rating and a $229.00 target price on the stock. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $229.00 to $224.00 and set a “sector perform” rating for the company in a research report on Monday, October 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $235.73.

HON traded down $3.79 during trading on Thursday, reaching $212.21. 3,265,442 shares of the stock traded hands, compared to its average volume of 2,625,229. The stock has a market cap of $146.09 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14. Honeywell International Inc. has a fifty-two week low of $194.55 and a fifty-two week high of $236.86. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.29 and a quick ratio of 1.04. The stock’s 50-day simple moving average is $218.98 and its two-hundred day simple moving average is $223.71.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, October 21st. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.02. The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $8.68 billion. Honeywell International had a return on equity of 31.21% and a net margin of 15.80%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 8.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 12th will be given a dividend of $0.98 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.93. The ex-dividend date is Wednesday, November 10th. This represents a $3.92 dividend on an annualized basis and a yield of 1.85%. Honeywell International’s dividend payout ratio (DPR) is presently 50.39%.

Honeywell International Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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

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