Honeywell International Inc. (NASDAQ:HON) Shares Sold by First National Trust Co

First National Trust Co cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 70,111 shares of the conglomerate’s stock after selling 6,304 shares during the period. First National Trust Co’s holdings in Honeywell International were worth $14,703,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HON. Raymond James Financial Services Advisors Inc. raised its position in shares of Honeywell International by 2.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 334,444 shares of the conglomerate’s stock valued at $61,785,000 after purchasing an additional 7,397 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in shares of Honeywell International by 10.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,116 shares of the conglomerate’s stock valued at $760,000 after acquiring an additional 379 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Honeywell International by 24.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 9,802 shares of the conglomerate’s stock valued at $1,811,000 after acquiring an additional 1,935 shares in the last quarter. Bailard Inc. raised its position in shares of Honeywell International by 123.7% during the 3rd quarter. Bailard Inc. now owns 13,116 shares of the conglomerate’s stock valued at $2,423,000 after acquiring an additional 7,252 shares in the last quarter. Finally, Bouchey Financial Group Ltd raised its position in shares of Honeywell International by 4.2% during the 3rd quarter. Bouchey Financial Group Ltd now owns 1,881 shares of the conglomerate’s stock valued at $347,000 after acquiring an additional 75 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada lowered their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $215.71.

Honeywell International Price Performance

NASDAQ:HON traded up $2.17 during midday trading on Friday, hitting $195.81. 2,251,381 shares of the stock were exchanged, compared to its average volume of 2,992,784. The company has a market capitalization of $127.51 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The business has a 50-day moving average price of $197.66 and a two-hundred day moving average price of $196.58.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the business earned $2.07 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s payout ratio is currently 50.06%.

About Honeywell International

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.