Country Trust Bank Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Country Trust Bank increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 7.9% during the second quarter, Holdings Channel reports. The firm owned 198,610 shares of the conglomerate’s stock after acquiring an additional 14,540 shares during the quarter. Country Trust Bank’s holdings in Honeywell International were worth $41,212,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Honeywell International by 2.1% in the 1st quarter. BlackRock Inc. now owns 42,326,637 shares of the conglomerate’s stock valued at $8,089,467,000 after acquiring an additional 855,220 shares during the last quarter. Morgan Stanley lifted its stake in shares of Honeywell International by 1.6% during the 4th quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock worth $3,275,277,000 after purchasing an additional 241,992 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Honeywell International by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 12,617,604 shares of the conglomerate’s stock worth $2,405,781,000 after purchasing an additional 270,260 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Honeywell International by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,445,462 shares of the conglomerate’s stock worth $1,422,977,000 after purchasing an additional 275,879 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in Honeywell International by 101,603.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after buying an additional 5,701,989 shares during the last quarter. 74.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group decreased their price target on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. StockNews.com assumed coverage on Honeywell International in a research note on Monday, August 21st. They issued a “hold” rating for the company. Finally, Morgan Stanley raised their target price on Honeywell International from $219.00 to $221.00 in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $215.07.

Honeywell International Trading Up 1.1 %

NASDAQ:HON traded up $2.20 on Monday, reaching $195.24. The company’s stock had a trading volume of 1,064,875 shares, compared to its average volume of 2,786,864. Honeywell International Inc. has a 12-month low of $166.63 and a 12-month high of $220.96. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 0.98. The firm has a market cap of $129.63 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. The stock has a 50 day moving average price of $191.94 and a 200 day moving average price of $195.48.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.03. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The business had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 9.16 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, August 10th. This represents a $4.12 annualized dividend and a yield of 2.11%. Honeywell International’s payout ratio is 50.99%.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.